Thursday, September 25, 2008

Massive Moosehead Lake Real Estate Development

The Kennebec Journal reports:

State regulators on Wednesday endorsed Plum Creek's historic development plan for nearly 1,000 house lots, two large resorts and hundreds of thousands of acres of land conservation in the Moosehead Lake region.


Beyond water for drinking, bottling, agriculture and industry, there is water for recreation and there is an entire industry of recreational boat makers who want to keep it that way. This battle is probably not over, I'll follow closely.

Plum Creek began this project 4 years ago. We were at the height of the real estate boom and gas was $1.80 a gallon. Will they still have the stomach for this? Will their backers?



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