Tuesday, January 25, 2011

900,000 acres sold

Bangor Daily News:
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.

No comments: