From Pilotonline.com:

NOAA ranked the project 14th out of 42 applicants for about $25 million in proposed federal funding. Ranking in the top 10 would have significantly increased the city’s chances of getting its $3 million request, said Christy Everett, the local director of the Chesapeake Bay Foundation, which has partnered with the city to conserve the land….

The sale to the trust was supposed to be finalized by the end of this year. Everett said she expects the bank to extend the timeline.

“I don’t think we should give up or can give up,” Everett said.