Nearly 1 million acres of Maine forestland are about to change hands.
Under a deal slated to be completed Feb. 1, a company called BBC Land LLC with ties to a Colorado billionaire will purchase more than 900,000 acres — much of it in eastern and western Maine — from current owner GMO Renewable Resources.
John Cashwell, a local consultant for BBC Land, said very little will change under the new ownership. BBC Land will continue to manage the land as a working forest and will still allow public access for recreation, Cashwell said.
Tuesday, January 25, 2011
900,000 acres sold
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