MNRTF Grants Shrinking

December 9, 2013

The Michigan Natural Resources Trust Fund (MNRTF) has a bank account that totals about $500 million. It plans to operate like a foundation does from now on. To protect their fund’s corpus, MNRTF plans to use only the earnings on the $500 million to fund future development and acquisition projects. This means annual distributions of no more than 2.5% ($12,500,000) will become the “new normal.” The grant total will be slightly higher than $12.5 million this year, in 2014, and in 2015 as MNRTF uses funds from its $59 million stabilization reserve to supplement investment earnings.

For example, MNRTF recently awarded just over $8.5 million for park development projects. Applicants requested over $22 million. This program is now more competitive than ever.

MNRTF Applications are due April 1, 2014

If you plan to submit a grant application for a park development or land acquisition project this year, you should start now. The application process is very detailed and time-consuming. Contact your Prein&Newhof engineer or P&N grant adviser Jim Hegarty for more details or assistance.

MNRTF tidbits:
  • Applications in 2014 will be submitted via web portal.
  • MNRTF grant workshops are being held around the state in January/February.
  • MNRTF requires a minimum of 25% of awards to be for land acquisition, and a maximum of 25% for development.
  • MNRTF funded all land acquisition grant applications in 2013.
  • Future funding will be very competitive especially for development ($3.5M-$6M/year); 2014 should be closer to $6M.
  • MNRTF applications still have a high likelihood of being funded if the request is for $50k or less.


View More

Cherry Capital Airport Receives MDOT-AERO Award

Congratulations to the Northwestern Regional Airport Commission at Cherry Capital Airport (TVC) in Traverse City on its recognition as Airport of the Year by MDOT–AERO (Michigan Department of Transportation–Aeronautics) for its outstanding efforts associated with the rehabilitation and extension of Runway 10/28. Prein&Newhof’s airport team worked for 10+ years with TVC staff, the Northwestern Regional Airport Commission, […]

Learn More >

President Trump’s water infrastructure proposal shifts current funding models

By Jim Hegarty, PE The University of North Carolina’s Environmental Finance Center recently shared an article highlighting four proposed White House initiatives that could change business as usual in the water infrastructure funding world. The four concepts introduced in it are: $100 billion in incentives for projects that increase revenue streams and support economic development. A […]

Learn More >

Thomas Smith named Chair of MSFA

Congratulations to P&N Senior Project Manager Thomas A. Smith, PE, CFM who was recently named Chair of the Michigan Stormwater–Floodplain Association (MSFA). Tom has been a member of MSFA for 15 years, and has served on the Board of Directors since 2010. As Chair, he is responsible for presiding over MSFA Executive Board Meetings and the annual […]

Learn More >

P&N Professional Jonathan Nelson earns PE License

Prein&Newhof is proud to announce that Jonathan Nelson recently earned his Professional Engineer (PE) license in the State of Michigan. To earn the PE license in the State of Michigan, individuals must earn a four–year college degree, pass the Fundamentals of Engineering exam, work under a Professional Engineer for at least four years, and pass the Principles and […]

Learn More >