A portion of land within Wyoming's Grand Teton National Park has been sold to the federal government, which will prohibit private development.
The Department of Interior, through the Federal Land and Water Conservation Fund, footed $62.4 million of the total price.
The Grand Teton National Park Foundation, through private funding, raised the additional $37.6 million needed for the purchase, according to a Grand Teton National Park Foundation news release.
The private funding was led by two anonymous families, in addition to the National Park Foundation, National Fish and Wildlife Foundation, Jackson Hole Hand Trust and nearly 400 donors from 46 states, who gave between $10 to $15 million, according to the Grand Teton National Park Foundation.
Over the past 12 years, the Board of Land Commissioners has disposed three parcels of land near Grand Teton National Park to the U.S. Department of Labor.
Located within Grand Teton National Park, the Kelly Parcel stretches 640 acres through the Greater Yellowstone Ecosystem.
The parcel, according to the Grand Teton National Park Foundation, currently obtained about $2,800 annual through various permits. »
