UW, CSU Foundations Release Statement on Y Cross Ranch
October 19, 2012 — Ben Blalock, president of the University of Wyoming Foundation, and Kathleen Henry, president of the Colorado State University Research Foundation, Friday, Oct. 19 issued the following statement regarding the Y Cross Ranch:
“The Colorado State University Research Foundation and the University of Wyoming Foundation are deeply grateful to the Courtenay C. Davis Foundation for its generous gift of the Y Cross Ranch 15 years ago. Both institutions have taken our commitment to stewardship very seriously.
“We believe our foundations are correct in their positions relating to the operation of the ranch and its sale under the gift agreement and that the sale is in the best interests of the universities, their students and faculty. However, given the fact that the Davis Foundation and Amy Davis have filed suit, we have decided to postpone the sale until the legal action is resolved.
“Our goal is to secure the best price for the property. We believe the lawsuit will have an impact on the property’s marketability and are not willing to assume that risk at this time.”