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2006/(2007) $ 7,870,000 $ 80,326,028 9.8%
<br />2007/(2008) $ 8,620,000 $ 85,009,472 10.1
<br />2008/(2009) $ 8,620,000 $ 85,230,866 10.1
<br />2009/(2010) $ 8,794,000 $ 86,239,884 10.2%
<br />2010/ (2011) $ 8,854,000 $ 88,223,782 10.0%
<br />2011/ (2012) $ 8,540,000 $ 95,286,344 9.0%
<br />2012/ (2013) $ 8,540,000 $ 95,988,444 8.9%
<br />2013/ (2014) $ 8,540,000 $ 94,485,576 9.0%
<br />Totals /
<br />Average Percent $ 154,007,678 $ 1,622,431,153 I 9.5%
<br />Donations from Private Sector
<br />Private sector donations have been critical to match and leverage public sector financing of land
<br />acquisition and capital improvements for the Regional Parks System. Foundations of several park
<br />implementing agencies and "friends of parks or trails" organizations were the facilitator of these
<br />donations. No estimate of those donations is provided here. However, some examples include:
<br />• Donation by Marjorie McNeely for capital improvements and a maintenance endowment for
<br />the Como Conservatory, which was renamed the Marjorie McNeely Conservatory in her
<br />honor
<br />• Donations by individuals and corporations for improvements to Harriet Island Regional Park.
<br />Bricks and plaques honor those contributors
<br />• Donation of land for Cedar Lake Farm Regional Park facilitated by the now defunct Regional
<br />Parks Foundation of the Twin Cities
<br />Estimated Costs to Complete the System
<br />State law requires that the Regional Parks Policy Plan estimate the cost of the recommended
<br />acquisitions and development of the park system, including an analysis of what portion of the funding is
<br />proposed to come from the state and Council levies, and other local government units (Minn. Stat.
<br />473.147, subd. 1). The following analysis is an estimate of funding required to complete the system.
<br />Table 5-3 provides cost estimates for existing regional parks and trails open to the public, planned
<br />regional parks and trails, regional park search areas, regional trail search corridors, and 2040 additions
<br />to the system. The associated estimated costs for each are described below.
<br />The cost estimate for existing regional parks and trails open to the public include costs associated with
<br />acquisition of inholdings and future development. In order to produce the estimates, data were gathered
<br />from Council -approved master plans. In 2014, a total of 2,407 acres and 29 trail miles were inholding
<br />properties. The estimate to acquire inholding properties for both parks and trails total $59.3 million,
<br />while development costs total $187.7 million. A total estimate for future acquisition and development of
<br />existing regional parks and trails opened to the public totals $247 million.
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