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jvanderbottoday at 4:51 PM2 repliesview on HN

Yeah at that point it should be in a perpetual trust or some other holding co who can fend off the city. Never trust your neighbors with your stuff.


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dylan604today at 5:03 PM

This sounds like the better approach. Create a trust that runs a private park open to the public. This prevents the city from owning the land. The trust can also work out a deal with the city for tax benefits for running the park. The trust can also be set up so that a family member is always given an overriding voice while allowing the city to submit plans for proposed use, upgrades, permitting, etc.

ghafftoday at 5:03 PM

Basically you need to pay a lawyer to set up a trust which requires trustees if you care or donate to an institution with their own lawyers who you trust with a presumably long institutional timeline.

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