SEATTLE--(BUSINESS WIRE)--Sep. 24, 2009-- Plum Creek Timber Company, Inc. (NYSE:PCL) today announced that The Maine Land Use Regulation Commission (LURC) has approved the company’s Concept Plan for the Moosehead Lake Region. The final Plan addresses conservation, ecological resources, contiguous working forests, recreation, economic development and regional planning.
The Plan provides for lasting, large-scale conservation of nearly 400,000 acres of forests. This includes a 363,000-acre conservation easement, the second largest in U.S. history. The easement will ensure that sustainable forestry continues to be practiced in the Moosehead Lake region, protect wildlife habitat, prohibit residential development, and forever guarantee the right for the public to access the lands for traditional recreational pursuits. The Plan also includes the immediate sale of about 29,000 acres to The Appalachian Mountain Club for approximately $11 million. A permanent conservation easement will be placed on these lands.
Close to 4 percent of the Plan area will be zoned for planned development which can occur over the next 30 years under the terms of the Plan. This includes two resorts: one at Lily Bay on Moosehead Lake, another at Big Moose Mountain.
The Plan also incorporates several recreational amenities which include, among other things, guaranteed access to 400,000 acres of land with more than 170 miles of road and trail easements that will expand and diversify outdoor opportunities for residents and visitors.
Plum Creek is the largest and most geographically diverse private landowner in the nation with approximately 7 million acres of timberlands in major timber producing regions of the United States and wood products manufacturing facilities in the Northwest. For more information about Plum Creek visit www.plumcreek.com.
Source: Plum Creek Timber Company, Inc.
Plum Creek Timber Company, Inc.
John Hobbs, 1-800-858-5347
Kathy Budinick, 1-888-467-3751