The Lake George Land Conservancy is planning to buy 1,423 acres of land in
the towns of Lake George, Warrensburg and Lake Luzerne on Wednesday in a deal which will eventually pass the property to New York State, according
to the executive director of the not-for-profit group.
Nancy Williams said the land, west of Lake George Village, was purchased
in 2006 by two out of state developers who are now willing to sell it for
The land, known as the Berry Pond Tract, includes the headwaters of West
Brook, a tributary that empties into Lake George.
"When they bought the property, about a year and a half ago, they had
plans to develop it. But after they realized the time and effort it would
take to go through the [Adirondack Park Agency] and other government
regulators, they agreed to sell to us," Williams said.
She said the purchase price is only slightly higher than what the men paid
for the land.
The property is being purchased by the Lake George Land Conservancy using
a low-interest loan from another nonprofit group, the Open Space Conservancy.
Williams said it is hoped the state will buy the land within the next
Elizabeth Lowe, regional director of the state Department of Environmental
Conservation, said the deal "is a priority project."
Williams said her organization will begin a fundraising campaign
immediately to raise at least $750,000 which will be needed to pay closing
costs and interest on the lands until the state can arrange to take it over.