Amount of Land Already Protected: The following chart provides a breakdown of the amount of land (in acres) that has been protected as of 1996. This amount is also shown as a percent of each town's total land. Town Farmland Open Space Total Percent of Land Preserved Riverhead 3,600 7,400 11,000 25.0 Southold 2,300 2,600 4,900 13.0 Southampton 2,400 14,800 17,200 19.0 East Hampton 700 12,500 13,200 27.0 Shelter Island 0 2,600 2,600 33.0 Totals(acres) 9,000 39,900 48,900 23.0 % Amount of Land At RISK vs. LAND SAVED Town Protected Farmland Protected Open Space Farmland At Risk Open Space That We Need to Protect Riverhead 3,600 7,400 14,000 1,000 Southold 2,300 2,600 7,500 1,500 Southampton 2,400 14,800 6,200 3,000 East Hampton 700 12,500 900 3,000 Shelter Island 0 2,600 200 500 Totals(acres) 9,000 39,900 28,800 9,000 How MUCH can we SAVE? Town Farmland* Cost Open Space Cost Total Riverhead 11,000 86 1,000 15 101 Southold 6,000 48 1,500 20 68 Southampton 5,600 78 3,000 50 128 East Hampton 850 15 3,000 40 55 Shelter Island 150 3 500 20 23 Totals 23,600 acres $230 million 9,000 acres $145 million $375 million Based on recent extrapolations of The 1996 Suffolk County Farmland Report and individual towns' planning documents Our goal is to protect 80% of farmland at risk in Riverhead and Southold, 90% of farmland at risk in Southampton and East Hampton, and 75% of farmland at risk on Shelter Island.Additional investment secures the previous investment. We've done a lot. If we don't do the rest, we've squandered our original investment. How MUCH will it COST? The total for purchase of farmland development rights is $230 million The total for open space is $145 million GRAND TOTAL is $375 million Current real estate sales in our region for open space and farmland development rights suggest that $375 million can accomplish the land protection that we must initiate. Where the FUNDS to Buy the Land will Come from: In order to realize the objective of land conservation as aforementioned, the following open space funding sources must be secured and committed over the next seven to nine years: New York Environmental Protection Fund and Clean Water Bond Act: $100 million Community Preservation Fund (2% real estate transfer tax): $100 million Federal Open Space and Agricultural Preservation Programs: $100 million Town Governments (already committed): $17 million County of Suffolk (25% is committed): $60 million Total Project: $377 million* Note: With the exception of the town governments, the above funding sources have been proposed, but not yet committed. In the event that these sources do not materialize, adjustments will need to be made and new funding sources found. * A $2 million buffer is included in this estimate. Summary of Open Space and Farmland Investments The following chart provides a breakdown of funds invested by town, county, state and federal governments and by private conservation groups: Towns: $50 million County: $130 million* State: $150 million Federal: 0 Private Conservation: $80 million Total invested since 1975: $410 million * Best estimates available