News Release
May 23, 2001

CRESCENT DONATES LANDMARK CONSERVATION EASEMENTS IN NORTH AND SOUTH CAROLINA

Charlotte, N.C., May 23, 2001 … As part of its pledge to protect close to 200 miles of river- and streambanks in North and South Carolina, Crescent Resources, LLC announced today the donation of two landmark conservation easements. One easement will be on the Catawba River and the other on a perennial stream channel flowing into Lake Wylie.

Crescent is designating areas in both states to convey to local land trusts for permanent stewardship. Catawba Lands Conservancy is receiving approximately 150 acres of conservation easement on Crescent property along Catawba Creek near Daniel Stowe Botanical Garden in Gaston County, N.C. The easement includes a habitat hospitable for ducks and migratory birds.

Katawba Valley Land Trust will receive an approximately 170-acre easement on property along the Catawba River adjacent to Landsford Canal State Park in Chester County, S.C. This area was the home of Revolutionary War General and University of North Carolina founder William R. Davie. The canal dates to the early 1800s; its remains are a centerpiece of the state park’s history and interpretation programs. Also of great interest to visitors are the acres of Rocky Shoals spider lilies, said to be the largest known colony in the world of this rare wildflower.

"There is no doubt these two areas hold great environmental and historical significance," said Jim Short, Crescent Resources senior vice president, land management. "Our efforts to preserve the streambanks with easements will not only preserve these vital waterways, but also help ensure water quality of the river and its lakes for the future."

"This is an exciting day for Gaston County and the entire Piedmont region," said Catawba Lands Conservancy Executive Director Ron Altman. "Crescent Resources is donating a permanent conservation easement on beautiful property that will provide ideal habitat for wildlife as well as protect water quality and open space for all of us to enjoy. Crescent’s commitment to protecting our streams, coupled with Catawba Lands Conservancy’s commitment to preserving our natural heritage, makes a tremendous partnership for our region."

D. Lindsay Pettus, president of Katawba Valley Land Trust said, "We appreciate the confidence Crescent has demonstrated in us through this donation. The development of buffers and the protection and enhancement of the outstanding resources of the Landsford Shoals area are leading priorities in our implementation of The South Carolina Catawba River Corridor Study. We hope to continue to partner with Crescent in our efforts to protect the natural resources and water quality of the Catawba River valley."

Crescent’s initiative to establish conservation easements along perennial stream channels and Catawba River frontage it owns began in 2000. The properties are located in 14 counties throughout North and South Carolina, including Alexander, Burke, Caldwell, Catawba, Gaston, Iredell, Lincoln, McDowell and Mecklenburg in North Carolina; and Chester, Fairfield, Kershaw, Lancaster and York in South Carolina. Experts recommend establishing buffers on streams flowing into the river as the best way to enhance overall water quality for the river and its lakes.

"Conservation efforts by private corporations and local land trusts are an essential part of reaching North Carolina's long-term land preservation and water quality protection goals," N.C. Gov. Mike Easley said. "This partnership between Crescent Resources and the Catawba Lands Conservancy is a great example of the public-private partnerships we must foster so that our most important natural resources and water quality are protected for generations to come."

S.C. Gov. Jim Hodges said, "All of our citizens, homeowners and industries will benefit from Crescent’s conservation easements. This program represents bold leadership in the area of natural resources conservation. I would like to thank Crescent Resources for their leadership in making this donation. It significantly enhances the quality of life in upper South Carolina."

Crescent’s conservation easement initiative was recognized earlier this year with the Industrial Conservationist of the Year award from the South Carolina Wildlife Federation. It was also part of Duke Energy’s nomination for the National Conservation Achievement award, which the company received from the National Wildlife Federation in April.

In addition to the initiative on its own property, Crescent is committing a half million dollars to reimburse other landowners who establish conservation easements along perennial stream channels on their property in the Catawba River basin. It is estimated this amount will fund surveys and related costs for another 100 miles of river frontage and stream easements. Crescent is partnering with Carolinas Land Conservation Network of the UNC Charlotte Urban Institute and Clemson University Strom Thurmond Institute of Government and Public Affairs to administer the grant program and place its easements.

Crescent and partners share common goal

"Crescent has found ideal partners in both Katawba Valley Land Trust and Catawba Lands Conservancy," said Carla DuPuy, director of environmental affairs for Crescent Resources. "These organizations share our goal to preserve the river by capturing impurities on the streams long before they reach the lakes and the river."

Founded in 1991, Catawba Lands Conservancy is dedicated to preserving land, water and wildlife resources of the Lower Catawba River Basin in North Carolina. Its goal is to create opportunities for education and research that heighten awareness and interest in land preservation and conservation. The Conservancy works with private landowners, public agencies, developers and other groups with common goals to place land into permanent conservation. Since its inception, the Conservancy has preserved more than 3,000 acres of land in a six-county region around Charlotte and is currently working to protect more than 1,500 additional acres of significant natural habitat.

Katawba Valley Land Trust is a nonprofit, private conservation organization dedicated to the protection of natural resources, open lands, waters, historic resources and vistas of aesthetic value in the Catawba River Valley and surrounding areas in South Carolina. The Trust acquires interest in property having significant natural value and promotes the importance of creating open land spaces through public education.

Currently, Katawba Valley Land Trust is working to raise funds to acquire a 1,049-acre tract from Crescent for further expansion of Landsford Canal State Park. The acquisition would allow for the extension of existing programs and implementation of new programs – giving it regional park designation. Some of the programs include facilities for bank/pier fishing, hiking and biking trails, wildlife observation areas and permanent protection of watersheds crossing the canal. Katawba Valley hopes to raise $2.3 million in private and/or public funds by the end of the year to purchase the tract.

Crescent has history of environmental stewardship

"Crescent firmly believes in a balance between long-term preservation and land developed in an environmentally sensitive manner," said Bob Lilien, Crescent chairman and CEO. The company has long been recognized as a leader and catalyst in promoting effective management of the Catawba River basin. The company has a history of not only adhering to environmental guidelines, but also routinely exceeding the standards established by governmental agencies. Crescent presently imposes voluntary buffers for the property it develops adjacent to the lakes along the Catawba River.

Crescent Resources, LLC is a land management and real estate development company. Formed more than 30 years ago by Duke Energy, the company has land interests in eight states in the Southeast and southwestern United States. Crescent creates award-winning country club communities, neighborhoods, apartment and condominium communities, Class A office space, business and industrial parks and shopping centers.

More information about Crescent Resources is available on the Internet at www.crescent-resources.com

Contact: Kathryn Blanchard
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