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View Diary: Sioux try to save sacred site in Black Hills from the auction block and developers who will follow (108 comments)

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  •  $149.7k, 60 hrs / Question of today vs forever (0+ / 0-)

    Is it worth continuing the current Reynolds operation under tribal ownership for the next twenty years, to pay off the purchase? Maybe so, if it means returning the land to wildlife and worship for the next thousand years. Maybe so, if the alternative is letting is slip away toward permanent development.

    Making it happen at all depends on having some money up front. Further donations will return it to its original use sooner rather than later. But any bank thinking to finance this will want to see some reliable income stream. The most easily demonstrable path to paying off a loan is for the land to work itself back to freedom. Grazing fees are artificially depressed by the competition from the nearly-free rates on public land. Donations are the most preferable, but not predictable. So, they'd have to show the bank something both more lucrative and more predictable (stabling, keeping their own herds, etc.).

    Of course, the small-donor support we show here will go a long way to showing a bank that they won't need as much commercial activity.

    Why is there a Confederate Flag flying in Afghanistan?

    by chimpy on Tue Aug 21, 2012 at 12:02:29 PM PDT

    [ Parent ]

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