Agenda - 05-28-1991 - Laserfiche WebLink

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New hope Corridor Open Space Master An Phase 2. Completion of Corridor Acquisition (Years 5 -10) Objectives: To complete the acquisition of land needed for the Wildlife Protection Area and for steep slope protection. To acquire land needed for stream protection and for anchors and access areas. To construct trails as needed to connect schools, parks, and other locations. Phase 3. Completion of Trails and Access Areas (years 10-20) Objective: To prepare plans, obtain needed financing for construction, and construct trails and access areas. protecting the New Hope corridor and establishing open space anchors will require the acquisition of approximately 1100 acres of floodplain, 45 acres of steep slopes, and 554 acres of uplands, and the purchase of development rights to an additional 103 acres. To achieve the passive 'recreation potential of the corridor, approximately 20 miles of trails should be developed. The estimated cost of land acquisition ranges between $12.5 million and $22.5 million. The cost of developing the recreational potential and trails is estimated to be between $1.8 million and $2.7 million. The total project cost is estimated to be between $14.3 million and $25.3 million dollars. The partnership between citizens and government that has led to the preservation of the Eno River basin has brought increasing national recognition to our community. Employing a similar private -public partnership to establish the New Hope corridor will ensure that the western side of the Triangle will continue to be a desirable place in which to work and live. The benefits from maintaining open space, maintaining and improving environmental quality, and providing potential for passive recreation are immediate and real. They augment and complement the benefits of preserving for the benefit of all our citizens, a significant buffer of green trees and free - flowing water. W