April 9, 2021
*UPDATE*
Proposed Purchase of the former Vistoso Golf Course
The Conservation Fund (Fund) is pleased to announce it has been invited to resume formal discussions and negotiations with the Town of Oro Valley and representatives from Romspen Vistoso, LLC, concerning the purchase of the former Vistoso Golf Course. Yesterday, we met to discuss the proposed framework of a new agreement concerning the prospective purchase of the 202 +/- acres, currently zoned recreational/open space. A separate agreement between a private buyer and Romspen Vistoso, LLC will be executed concurrently for the remaining 6 +/- acres.
Securing the 202 +/-acre property will be contingent upon reaching agreement based upon an updated appraisal establishing current fair market value under mutually acceptable terms and conditions. We expect the report to be prepared quickly and we will announce the actual purchase price once final agreement has been reached.
Under related discussion, it was also agreed the Fund will manage and lead all fundraising associated with any prospective purchase. The Fund will coordinate directly with all interested parties, including Preserve Vistoso and the many residents who have long supported this important effort. The Fund will also develop a concurrent Conservation Easement to ensure the property will be protected and managed for conservation and open space, in perpetuity, prior to transferring the land to the Town of Oro Valley for long-term ownership and management.
The Fund shares the collective passion to preserve this unique property and we will keep everyone advised as details continue to develop. We plan to make a more detailed announcement in the next 30 days, following completion of the updated appraisal. In the meantime, we want to thank everyone for your continued trust and confidence. Your support, financial generosity, and valuable input will be needed now more than ever as we work to create lasting results for everyone.
For any questions or concerns please contact Mike Ford, Nevada and Southwest Director at [email protected].