Lower Town Riverfront Conservancy

The Lower Town Riverfront Conservancy is a U.S. nonprofit organization registered under the Internal Revenue Service (IRS) Employer Identification Number (EIN) 862851511. As a 501(c)3 entity, the Conservancy is dedicated to establishing, improving, maintaining, conserving, and preserving publicly accessible green spaces, trails, pathways, and park amenities along the Huron River in Ann Arbor, Michigan.

Mission and Objectives

The Conservancy's mission encompasses several key objectives:

• Establishment and Preservation of Green Spaces: It aims to create and maintain green areas that enhance the natural beauty of the Huron River corridor.
• Community Engagement: The organization seeks to connect public, private, and institutional partners with local communities to foster a vibrant and thriving community space.
• Urban and Environmental Conservation: The Conservancy focuses on integrating new landscapes and managing urban amenities to maintain a diverse and resilient ecosystem.

Broadway Park West

A central project of the Conservancy is Broadway Park West, situated in the Lower Town district of Ann Arbor. This park is envisioned as a transformational, privately developed, and managed public space. Located across from the Argo Livery and at the foot of the Broadway Bridge, it is designed to provide access from all directions, offering residents and visitors a unique public area in the city's heart.

Financial Overview

As reported, the Conservancy has total revenues of approximately $10.7 million and expenses of about $413,000. It possesses total assets of approximately $20.2 million and liabilities of around $5,160[4][5].

Challenges and Vision

The Conservancy faces unique challenges, particularly in repurposing a brownfield site as part of its phased construction plan. The vision behind projects like Broadway Park West involves creating a world-class public space that enhances Ann Arbor's quality of life and its reputation as a desirable place to live and visit[3].