The Gnome is Home!!
Last December GROW’s campaign to purchase the Ballard P-Patch was a success. They worked through the months of January and February to document expenditures and matching funds for the King County Conservation Futures Grant (CFT), which had been approved for $1.25M. On February 22, 2021 the CFT funds were transferred to GROW, the fiscal sponsor and property owner. On February 25, 2021 their bridge loan to Verity Credit Union was repaid in full and the title released to GROW.
This means that GROW now owns the property free and clear! Furthermore, repaying the loan 18 months ahead of the scheduled deadline resulted in significant interest savings. They were pleased to release more than $80,000 back to King County to award to other projects.
GROW will now file for a restriction on the property title, which will ensure that the garden will remain a community garden and will never be developed for other uses… The Gnome is Home!!
Follow on Facebook, https://www.facebook.com/theballardppatch & website, http://www.ballardppatch.org for updates and news on events at the garden as the year progresses. They are hopeful that we will be able to celebrate at the 19th Annual Art in the Garden festival on Saturday, August 7. 2021.