By Emery Cowan | Arizona Daily Sun
Three million dollars.
That’s the magic number that the Museum of Northern Arizona has decided it needs to raise to save 89 acres of undeveloped land that the museum owns east of Fort Valley Road.
The land was purchased by the museum in 1977 as an investment and since then its sale has been put on and taken off the table several times as an option to raise money for museum operations.
Now, the board of trustees is again taking a serious look at monetizing the acreage, citing a need to put the museum on more stable financial ground after several years when unrestricted net income has dipped below or close to zero.
