“Petoskey has been recommended to receive two state grants to help fund a project and a land purchase by the Parks and Recreation Department.
The potential funding awards are expected to come from the Michigan Natural Resources Trust Fund, alongside a handful of other such grants to Northern Michigan communities, including Boyne City and the Gaylord office of the Department of Natural Resources. The recommendations were announced last week.
For its part, Petoskey stands to receive some $485,500 from the state fund. Of that amount, $187,500 will go toward the purchase of a 55-acre section of land adjacent to the Skyline Trail Recreation Area, east of city limits. Another $298,000 will go to the construction of the new hockey pavilion at the Winter Sports Park.
The Michigan legislature awards Natural Resources Trust Fund grants on a yearly basis based on recommendations from the governor. The money comes from a restricted fund generated through interest and earnings on state-owned oil, gas and minerals. Those revenues are set aside specifically for acquiring lands for resource protection and outdoor recreation, as well as for public outdoor recreation development projects.”