Amid legal threat, UW and CSU prepare to sell Y CrossSep 7, 2012 The Associated Press
CHEYENNE -- Two former governors of Colorado and Wyoming are scheduled to unseal bids in November for a vast ranch in southeast Wyoming while the woman who donated the property to two university foundations threatens to sue if the sale moves forward as planned.
Denver philanthropist Amy Davis, who gave the Y Cross Ranch to the University of Wyoming Foundation and Colorado State University Research Foundation in 1997, claims the schools haven't done enough to use the ranch for hands-on agriculture education as intended.
The two foundations jointly own 50,000-acre ranch between Cheyenne and Laramie. Davis' attorney, Steve Miller, told the foundations in an Aug. 22 letter they violated the gift agreement by insufficiently promoting the ranch to university faculty as an available educational tool.
"Accordingly, the Donors demand that the proposed sale of the Y Cross Ranch be terminated," Miller wrote.
Davis and her Courtenay C. Davis Foundation are prepared to sue if the foundations don't help line up "substitute donees" to fulfill the purpose of the gift, he added.