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GLIN==> TCF Revolving Loan Fund Makes Loan, Receives $2 Million Grant



Posted on behalf of  Michael Kelly <mkelly@svsu.edu>

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TCF Revolving Loan Fund Makes Loan, Receives $2 Million Grant
www.conservationfund.org

The recently established Great Lakes Revolving Loan Fund, administered by
The Conservation Fund, has made its second loan and received its second
large gift. A $1.07-million loan to The Nature Conservancy will aid in the
protection of more than 6,000 acres of pristine forest and wetlands on
Michigan's Keweenaw Peninsula. And the revolving loan fund, launched in late
2001 with a $3.75-million grant from the Charles Stewart Mott Foundation,
has received another $2-million grant from Mott.

The lands, located in Copper Country, were acquired by the Nature
Conservancy from Lake Superior Land Company, a subsidiary of International
Paper Company, and represent some of the richest and most unique habitat in
the Upper Peninsula. Unspoiled natural systems abound, including glacial
lakes, peatlands, wetlands, Montreal River frontage, hardwood and boreal
forests, and Lake Superior shoreline containing cliffs and bluffs.

The Nature Conservancy, which negotiated the purchase, will transfer the
property to the Michigan Department of Natural Resources (DNR) by August
2003. The lands will link with nearly 2,500 acres currently owned by the DNR
and another 1,500 acres owned by The Nature Conservancy. Together, they will
encompass 14 miles of protected Lake Superior shoreline and provide a
significant area of land protection.

The area will be opened for recreational uses, allowing the public to enjoy
the natural beauty of the area. Skiing, fishing, hunting, boating and
kayaking, hiking, camping, and mountain biking will all be available.

For more information, contact Peg Kohring, Midwest Director of The
Conservation Fund at 616-426-8825.


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