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Lake George land preservation deal announced

Lake George land preservation deal announced

The Lake George Land Conservancy is planning to buy 1,423 acres of land in the towns of Lake George

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

$2.64 million.

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

three years.

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.

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