After years of negotiations, the Plum Creek timber company, The Nature Conservancy and the Forest Society of Maine announced the completion of a $30 million transaction that will create a 363,000 acre conservation easement aimed at protecting the area surrounding Moosehead Lake. The easement will allow continued logging operations and should provide a boon to the local tourism-based economy. The easement represents about 40% of Plum Creek’s holding in the area.
Concerns remain about the massive development project that Plum Creek won approval for several years ago after a lengthy regulatory process and court battle. That project rezoned nearly 17,000 acres for development including 821 residential units and two resorts with over 1200 rooms.
A local realtor points out that with land prices falling by up to 70% during the Great Recession development is likely years away as infrastructure costs cannot be recouped at current land value levels.
Among the benefits the Forest Society of Maine lists:
- About 12% of the conserved lands will be managed as ecological reserves
- The remainder (more than 365,000 acres) will be managed under third party-certification for a sustainable harvest of forest products to the benefit of the state and local economies
- The newly conserved lands connect to already-conserved properties including 20 existing state parks, resulting in a network of conserved lands totaling nearly 2.25 million acres – three times the size of Rhode Island.
This does appear on the surface at least to be a “win” for the public though one wonder whether Plum Creek would have been able to secure approvals for any development beyond that it had already obtained. I am curious why Plum Creek and the environmental groups did not negotiate the conservation easement concurrently with the development approval process. That would presumably have given the environmental groups more leverage in the negotiations. With the easement now in hand, will the Forest Society of Maine and The Nature Conservancy feel obligated to support Plum Creek’s future development efforts when the time comes for permitting specific projects?