FAIRFIELD, Maine--(BUSINESS WIRE)--April 5, 2005--Plum CreekTimber Company (NYSE:PCL) today announced that it has submitted itsPlan to the Land Use Regulation Commission (LURC). The Plan covers theland the company owns between Greenville and Jackman.
The company announced its plans last December. Consistent withthat announcement, the Plan places more than 97 percent of the landthe company owns in the Plan area into a "working forest" and intoconservation; provides public access over designated and plannedtrails in perpetuity; includes zoning for business development,tourism and recreation; provides significant permanent conservationaround a large number of lakes and ponds; and allows forappropriately-located camp lot development.
"Over the past several months, we have met with more than 25interest groups and numerous members of the community to discuss ourPlan," said Jim Lehner, general manager, Northeast Region. "We arevery pleased with the level of support we have received for the Plan.During this process, we have listened to the feedback we received and,in many cases, we have adjusted our plans based on that feedback."
The Plan includes a thoughtful balance of conservation anddevelopment and provides multiple benefits to communities in the Planarea. The Plan:
- Provides a new permanent trail system for the region -- Plum Creek will grant a permanent trail easement on 71 miles of the Interconnected Trail System (ITS) snowmobile trail and approximately 55 miles of a proposed new Peak-to-Peak hiking trail. Once implemented, the Plan's trail system will serve as a trail hub by connecting a significant amount of recreation and conservation land and trails outside the Plan area.
- Maintains the economic viability of the forest products industry in the state -- The Plan secures 382,000 acres of working forest for long-term timber production achieved through a new No Development/Working Forest Zone.
- Permanently conserves significant special places -- 180 miles of shoreland will be conserved forever in an undeveloped condition. This includes 100 percent conservation of shoreland around 55 pristine ponds.
- Rekindles the tradition of resorts and recreation near Greenville and Rockwood -- The Plan provides for the future development of two nature-based tourist facilities that will provide positive economic development in the area.
- Preserves the tradition of recreation camp lot ownership -- Planned development will occur on approximately 575 shorefront lots and 400 back lots on lakes and ponds that have existing development. Seventy percent of the shoreline on these lakes and ponds will also be placed in permanent conservation.
Additionally, Plum Creek expects that the Plan will createopportunities for people to live in this area by increasingopportunities for employment through timber production, economicdevelopment with tourism, recreation businesses and support services.Affordable community housing land is also being donated to theinvolved communities as part of the Plan.
In a separate project, Plum Creek is also actively working withthe state for the potential sale of land around The Roaches in the100-Mile Wilderness and holdings in the Moose River area. The Planincludes a flexible schedule offered by Plum Creek to the state tohelp ensure the success of this acquisition.
During the next several months, Plum Creek will meet with membersof the community to gain additional feedback on its Plan.
Plum Creek is one of the largest private timberland owners in thenation, with approximately 8 million acres of timberlands in majortimber producing regions of the United States and 10 wood productsmanufacturing facilities in the Northwest.
CONTACT: Plum Creek Timber Company
Jim Lehner, 207-453-2527 ext. 140
Kathy Budinick, 206-467-3620
John Hobbs, 800-858-5347
SOURCE: Plum Creek Timber Company