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|Red River Gorge Climbers Coalition Makes Final Payment on Pendergrass-Murray Recreational Preserve!|
The Red River Gorge Climbers Coalition (RRGCC) made final payment on their Access Fund Land Conservation Campaign (AFLCC) loan, completing eight years of fundraising for their purchase of the Pendergrass-Murray Recreational Preserve (PMRP). Situated in southeastern Kentucky’s Cumberland Plateau, the 750-acre preserve contains over 300 sport and traditional rock climbs and includes crags such as Bob Marley, Drive-By, The Dark Side, Gold Coast and numerous others. The area is extremely popular, attracting climbers from across country and world.
RRGCC purchased the PMRP in 2004. Through their annual Rocktoberfest event, major donors, , two Access Fund grants, and other grassroots fundraising, RRGCC paid down a significant portion of their original seller-financed loan. Despite this progress, they remained at risk of losing the property and all funds donated by climbers to the seller if they missed an annual payment. So, in 2010 the Access Fund provided RRGCC with a $65,000 AFLCC loan to pay off their original loan. This saved RRGCC approximately $10,000, and eliminated any risk of losing the climbing preserve.
The RRGCC is the sixth organization to fully pay back their AFLCC loan, returning funds to the revolving loan program where the Access Fund will loan the money out again to save another threatened climbing area.
“We congratulate RRGCC on this long-fought success,” said Joe Sambataro, Access Fund Access Director. “We’re a proud partner of RRGCC, and look forward to working closely together on future acquisition projects in the Red.”
Way to go RRGCC! Date: 10/9/2012