Land deal would preserve historic Guilford Woods for years to come, Guilford College says
GREENSBORO, N.C. (WGHP) — A historic stretch of land on the campus of a Triad college will never be developed thanks to a new deal.
According to Guilford College, the college and Piedmont Land Conservancy have signed a 'memorandum of understanding' to pursue a conservation easement to permanently protect a large swath of Guilford Woods.
Guilford College Bryan Series to end after 20-year run
The easement would protect 120 acres of land on the Guilford College campus, including a tree known as the ',' a 300-year-old tulip poplar. This deal would ensure that this area, one of Greensboro's last undeveloped woodlands, according to the college, would never be developed, but would remain owned by the college.
PLC wants to fund the easement by raising $8.5 million, which would be available to the college by 2028.
'While the proceeds will not be factored in the current $5 million 'For the Good of Guilford' campaign that concludes June 30, the money will be important in Guilford's longer-term financial strategy,' the college writes.
The college states that this is an 'ideal solution' for the community and the college, who have 'long sought' a way to support the college and preserve Guilford Woods, which has ecological and historical value to the community.
'Guilford College is proud to be part of this partnership to preserve Guilford Woods,' said Guilford's acting president, Jean Bordewich. 'We are committed to ensuring this beloved Greensboro landscape remains protected and accessible for generations to come.'
'This is a win-win-win for PLC, Guilford College and the greater community,' said Mary Magrinat, incoming PLC board president and longtime community advocate. 'The land will be permanently protected, Guilford College will receive vital financial support for its programs, and the public will gain official access to pristine green space in a rapidly growing part of Greensboro.'
In 2017, the federal government recognized the land as one of the earliest documented sites of the National Underground Railroad Network to Freedom, Guilford College states in their release.
This easement will connect to Julian and Ethel Clay Price Park, 100 acres that are also protected by PLC, linking it to Greensboro's existing trail network.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
15 hours ago
- Yahoo
Dr. Martens (LON:DOCS) Is Increasing Its Dividend To £0.017
The board of Dr. Martens plc (LON:DOCS) has announced that it will be paying its dividend of £0.017 on the 8th of October, an increased payment from last year's comparable dividend. This takes the annual payment to 3.4% of the current stock price, which unfortunately is below what the industry is paying. While the dividend yield is important for income investors, it is also important to consider any large share price moves, as this will generally outweigh any gains from distributions. Investors will be pleased to see that Dr. Martens' stock price has increased by 41% in the last 3 months, which is good for shareholders and can also explain a decrease in the dividend yield. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. If it is predictable over a long period, even low dividend yields can be attractive. Prior to this announcement, the company was paying out 545% of what it was earning, however the dividend was quite comfortably covered by free cash flows at a cash payout ratio of only 16%. Generally, we think cash is more important than accounting measures of profit, so with the cash flows easily covering the dividend, we don't think there is much reason to worry. According to analysts, EPS should be several times higher next year. Assuming the dividend continues along recent trends, we estimate that the payout ratio could reach 34%, which is in a comfortable range for us. View our latest analysis for Dr. Martens The track record isn't the longest, but we are already seeing a bit of instability in the payments. Since 2021, the annual payment back then was £0.0244, compared to the most recent full-year payment of £0.0255. This works out to be a compound annual growth rate (CAGR) of approximately 1.1% a year over that time. It's encouraging to see some dividend growth, but the dividend has been cut at least once, and the size of the cut would eliminate most of the growth anyway, which makes this less attractive as an income investment. Growing earnings per share could be a mitigating factor when considering the past fluctuations in the dividend. Dr. Martens' EPS has fallen by approximately 43% per year during the past five years. Such rapid declines definitely have the potential to constrain dividend payments if the trend continues into the future. Over the next year, however, earnings are actually predicted to rise, but we would still be cautious until a track record of earnings growth can be built. Overall, we always like to see the dividend being raised, but we don't think Dr. Martens will make a great income stock. The company is generating plenty of cash, which could maintain the dividend for a while, but the track record hasn't been great. We would be a touch cautious of relying on this stock primarily for the dividend income. Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. Taking the debate a bit further, we've identified 4 warning signs for Dr. Martens that investors need to be conscious of moving forward. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Yahoo
Aspo Plc - Managers' Transactions
Aspo Plc Managers' transactions June 17, 2025, at 5.30 p.m. Aspo Plc - Managers' Transactions - Mikko Pasanen ____________________________________________ Person subject to the notification requirement Name: Mikko Pasanen Position: Other senior manager Issuer: Aspo Oyj LEI: 7437000TB0GHDHLPX677 Notification type: INITIAL NOTIFICATION Reference number: 112438/4/4____________________________________________ Transaction date: 2025-06-16 Venue: OFF-EXCHANGE LIIKETOIMET (XOFF) Instrument type: DEBT INSTRUMENT ISIN: FI4000523170 Nature of transaction: DISPOSAL Transaction details (1): Volume: 100000 Unit price: 100 PCT Aggregated transactions (1): Volume: 100000 Volume weighted average price: 100 PCTAspo Plc Erkka Repo CFO For further information, please contact: Erkka Repo, CFO, tel. +358 40 582 7971, Distribution: Nasdaq Helsinki creates value by owning and developing business operations sustainably and in the long term. Our companies aim to be market leaders in their sectors. They are responsible for their own operations, customer relationships and the development of these aiming to be forerunners in sustainability. Aspo supports its businesses profitability and growth with the right capabilities. Aspo Group has businesses in 17 different countries, and it employs approximately 800 professionals. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
14-06-2025
- Business Insider
SMX (Security Matters) PLC trading halted, news pending
19:50 EDT SMX (SMX)(Security Matters) PLC trading halted, news pending Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
