Local donates part of his historic ranch to the Stampede
Estimated value of the donation pegged at $11M
The Calgary Stampede Foundation is calling the donation of the roughly 3,200-hectare southern portion of the historic OH Ranch in southwest Alberta a "remarkable gift."
Local philanthropist, rancher and businessman Bill Siebens made the estimated $11 million announcement on Tuesday.
The offer comes with the OH brand and the ranch’s historic buildings — such as the 1885 ranch house, the old cookhouse and replica North West Mounted Police cabin.
"Everyone is familiar with the legendary generosity and community vision of the Big Four," said Steve Allan, vice-chair of the Stampede Foundation, referring to the financial backers of the first Calgary Stampede. "Today Bill Siebens has shown his community vision and generosity is as powerful as that of our founders."
The foundation hopes to develop a management plan for the ranch to preserve and promote western heritage and values — one of the organizations’ missions.
The ranch has been in operation for close to 130 years.
"I know this corner of Alberta very well," said Siebens in a release. "I have ranched out here for over 33 years. My kids and my grandkids and I ride out here, fish, chase cows and enjoy the wonderful scenery. I want my kids and grandkids to remember that, and I want other Albertans to have that as well."
The OH Ranch is now Alberta’s second "heritage rangeland" protected area, and operates under an easement agreement with the Nature Conservancy of Canada.