CARNATION, Wash. – Actor Paul Newman was in this Seattle suburb to announce that the historic Carnation Farm will be turned into one of his famous Hole in the Wall camps for seriously ill children.

Camp Korey, as it will be called, will be a free, year-round facility for the kids to enjoy.

"The buildings and the grounds and the way they're kept up. This is the Taj Mahal of camps," said Newman.

The name Hole in the Wall was taken from the famous hideout in the movie "Butch Cassidy and the Sundance Kid."

"If I'm going to leave a legacy. It's not going to be my films or anything I do politically. It's going to be these camps," said Newman.

The farm, located in the Snoqualmie Valley, is being purchased from the Nestle company.

"Today is just a magical day and this is a magical place and we're just looking forward from here," said local founder and Costco vice-president Tim Rose. The camp will be named after his 18-year-old son Korey, who died from bone cancer in 2004. If all goes as planned, Camp Korey will open for business in a year.

"We would hope to run during the summer months to run about 10, one week sessions each session with about 120 kids," said Rose.

Like other Hole in the Wall camps, it will be free.

When asked what kids say after they come to the camps, Newman's response is a humble one.

"Well it sounds boastful in a way, not just from the children but from the parents: it's changed our lives."