[at-l] 241,000 arces of Maine Forest protected

[kahley@ptd.net (kahley)]

At 09:58 AM 8/28/02 -0400, Snodrog5@aol.com wrote:
>--
>
>The agreement between The Nature Conservancy and Great Northern Paper
>guarantees public access and sustainable forestry while barring development
>in woodlands around Mount Katahdin.

WOOHOO..my money at work!!!!!

>The nonprofit conservation group will take ownership of 41,000 acres and
>obtain an easement on 200,000 acres of working forest. In exchange, the group
>will retire $14 million in loans to Great Northern and refinance loans
>totaling $36 million.

YIKES....that's a lot of money.  Looks like it's time to break out the
check book


>The deal followed months of negotiations initiated by The Nature Conservancy.
>
>
>Great Northern CEO Lambert Bedard said he first thought the proposal was too
>good to be true, but was delighted to find out there was no catch. The Nature
>Conservancy's Bill Ginn, who came up with the idea, says it's on a scale
>comparable to the creation of Baxter State Park
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