It's been more than two weeks since the Boy Scouts of America reached an agreement to pay $850 million to over 60,000 sexual abuse victims, and the BSA finally has some clarity on what will become of its crown jewel, the 147,000-acre Philmont Ranch.

In short, it's here to stay.

"As an essential facet of the BSA's legacy and programming, we are committed to ensuring that Philmont, and each of the BSA's unique National High Adventure Bases, will continue to serve and benefit the Scouting community and beyond for years to come," said the BSA in a written statement.

The longtime nonprofit reached the agreement, one of the largest ever paid out for sexual abuse claims, on July 2. The sum will be paid into a fund set up to pay the current claimants and any future victims who come forward. The structure of the bankruptcy (BSA filed for Chapter 11 bankruptcy protection in February 2020) means the burden will be shared across all of BSA's 260-plus local troops. The organization announced it would aim to put between $2.4 billion and $7.1 billion in the abuse victims' fund.

"Under the current proposed Plan of Reorganization - which has the support of the Coalition of Abused Scouts for Justice, which represents a large majority of claimants in our Chapter 11 case, the Official Tort Claimants Committee (TCC), and the Future Claimants Representative (FCR) - the BSA will retain ownership of all high adventure bases," said the BSA.

Registration for Philmont summer programs is now open.

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