Memphis Business Journal
Boyle Investment Co. has donated 290 acres of land along the Wolf River to the Wolf River Conservancy.
The land is valued at $2 million, making it the largest financial donation in the Wolf River Conservancy’s 25-year history.
The acreage is located north of the river, between Germantown Road and Houston Levee Road, and contains over one mile of river frontage.
Boyle had long planned to develop some of the land for residential and commercial use, said Boyle chairman Bayard Boyle Jr.
“In discussions with the Conservancy over several years, we decided that the conservation values of the site in its natural state were too important to lose,” Boyle said in a press release.
The land will be permanently preserved as a natural area for public benefit.
Conservancy CEO Steve Fleegal said the organization is “very grateful” for Boyle’s donation.
“The Boyle tract is a remarkable site that contains some incredibly beautiful landscapes including a largely intact, unfragmented forest with stands of old-growth timber, numerous wetlands and cypress-lined old river courses,” Fleegal said in the release.
This isn’t Boyle’s first donation to the organization. It donated 32 acres along Humphreys Boulevard that is now part of the Germantown Greenway. It recently negotiated a use agreement with the City of Memphis for about 85 acres that allowed the construction of the initial section of the Wolf River Greenway trail along Humphreys, from Walnut Grove to Germantown’s city limit.