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Trust gets last grant for Tiburon ridge open space

 

The land trust raising money to save 110 acres of southern Tiburon ridge property as open space appears to have locked in its final piece of funding, leaving it up to Marin to commit its share next week and push the deal forward.

 

Tiburon resident Erica Williams, a senior project manager for San Francisco-based Trust for Public Land, confirmed this week that a $1.5-million state grant from the California Natural Resources Agency has been secured — enough to exceed the trust’s $12.9 million share of fundraising to buy the parcel from owners the Martha Co. for $42.1 million and flip it to the county at a discount.

 

“We’re in the home stretch with things falling into place,” said Williams, also a Tiburon planning commissioner.

 

Marin must now kick in the balance — its $29.2 million fundraising share and ultimate purchase price from the trust — to close the three-way deal.


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