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7 Lakes Alliance signed purchase agreement for Camp Balmazein; committee hears $3M fundraising need
Summary
7 Lakes Alliance signed a purchase-and-sale agreement for Camp Balmazein for $2.35 million and is seeking roughly $650,000 more to cover deferred maintenance and stewardship; the alliance aims to raise matching funds by late August with a closing near September 30.
Committee members heard an update on 7 Lakes Alliance's effort to purchase Camp Balmazein and were asked for local support.
Speaker 7 reported that 7 Lakes Alliance "signed a purchase sales agreement on Sunday for $2,350,000" and that the project needs another $650,000 to reach roughly $3,000,000 when deferred maintenance and stewardship costs are included. Speaker 7 said the alliance is working on neighborhood fundraising (a local share) and larger matching gifts; internal targets were described as needing to be reached by the end of August so the board can authorize going forward, with the property closing around September 30.
Members discussed the size of the ask and the urgency to raise funds, and one participant described the neighbor- and association-led fundraising as an attempt to keep the property in conservation rather than selling to a commercial buyer. No formal committee commitment of funds or specific action was taken; Speaker 7 said they would continue outreach and accept contributions.
