The Pingree family plans to protect 755,000 acres of the Maine woods from develo
The Pingree family plans to protect 755,000 acres of the Maine woods from development, but another 187,000 acres of the family's holdings are not protected and Pingree Associates President Steve Schley said an undetermined amount of the land will likely be developed over time. Schley told the Land Use Regulation Commission (LURC) at their March meeting that the family will consider "prospective zoning" to determine where building would be most appropriate. He also gave commissioners an overview of the family's plan to sell a conservation easement for $28 million on 80 percent of its ownership to the New England Forestry Foundation. LURC Chairman Steve Wright congratulated the Pingrees on their decision and said the easement project is a "landmark plan." The value of the Pingree ownership was determined through the real estate firm LandVest in Boston. With a list of Maine timberlands transfered or put on the market since September 1998.
Forests and forestry, Land use, Pingree family
Austin, Phyllis, "The Pingree family plans to protect 755,000 acres of the Maine woods from develo" (1999). Maine News Index – Maine Times. 3538.