CONCORD, N.H., Apr 1, 2002 /PRNewswire-FirstCall via COMTEX/ -- International
Paper (NYSE: IP) and the Trust for Public Land (TPL) today announced the sale of
171,500 acres in Pittsburg, Clarksville, and Stewartstown, NH, known as the
Connecticut Lakes property, for $32.7 million. The sale marks the transfer of
ownership from International Paper to TPL of the largest unbroken tract of
private forestland in New Hampshire. This purchase is a critical milestone in
the partnership effort between TPL, the Society for the Protection of New
Hampshire Forests, and The Nature Conservancy to permanently conserve the
property.
"This has been a tremendous collaborative effort involving government, private
industry and conservation groups promoting the responsible stewardship of our
natural resources," said Dave Lieser, region manager, IP's Forest Resources,
Northern Operations. "It is a great compliment to International Paper and our
Sustainable Forestry Initiative (SFI(SM)) efforts that organizations like The
Trust for Public Land have an interest in working with us. We are pleased that
this forestland will continue the legacy of sustaining the economic,
conservation and recreational interests of the community."
"If we let this treasure slip away, all New Hampshire would feel the loss.
Preserving this land will save hundreds of jobs, protect environmentally
sensitive areas, and guarantee that the people of New Hampshire will also be
able to enjoy this special place," Gov. Jeanne Shaheen said.
Senator Judd Gregg stated, "At almost 3 percent of New Hampshire's land mass,
the International Paper land will continue to serve as an important economic
resource for the families of the North Country, while maintaining its scenic
beauty, recreation and environmental importance to the state.
"The local, state, federal, public/private bi-partisan partnership developed to
complete the sale is an excellent example of 'The New Hampshire Way' and proud
tradition of addressing critical resource management issues through informed
collaboration and respectful dialogue." As a member of the Senate Appropriations
Subcommittee on the Interior, Senator Gregg was able to secure $3.6 million in
2001 as an initial payment on the federal government's share of the total cost.
"This is one of the most exciting environmental achievements in our State's
history," said Senator Bob Smith. "It is a terrific example of what can be done
when local, state, and federal governments work together with private industry
and conservation interests to seize a unique opportunity. By keeping the
majority of the land as a working forest, and maintaining the traditional
recreation, economic, wildlife, and natural resources on these lands, the people
of New Hampshire and the region can continue to enjoy these lands for
generations to come."
"This project will serve as a shining example of what can be accomplished when
several competing interests are willing to come together and negotiate in good
faith to reach a common goal," said 2nd District Congressman Charles Bass. "The
general public will reap the rewards for generations to come. I am pleased to
have served on the task force to develop a long-term vision for the future use
of this land. Moreover, I look forward to working with the rest of the
Congressional Delegation to secure additional federal funding for this important
project."
"This has been a tremendous cooperative effort to finalize the transfer of the
International Paper land to The Trust for Public Land -- a critical step in the
preservation and protection of one of our state's great natural resources," said
Congressman John E. Sununu, who serves as a member of the Connecticut Lakes
Headwaters Partnership Task Force and provided formal support for Senator Judd
Gregg's initiative to secure $3.6 million in the Fiscal Year 2002 Interior
Appropriations Act to purchase easements on the land. "I will continue to work
with our Congressional delegation to ensure that additional federal funds are
secured for this project. Moreover, I will work to maintain New Hampshire's
great history of land conservation, respect for multiple use, and open access to
thousands of acres of public land for future generations."
"Without question, this is the most important conservation, open-space
protection project ever undertaken in the State of New Hampshire," said New
Hampshire House Speaker Gene Chandler. "The ramifications of our success on this
project will impact all future generations of New Hampshire citizens, and enable
them to continue to enjoy all the historical uses of this North Country land.
The bipartisan cooperation of local, state, federal and private entities has
been unprecedented and I am proud to have played a part in the success of the
project."
"As the Senate member of the Connecticut Lakes Headwaters Partnership Task Force
and a life-long resident of Northern New Hampshire, I am proud and pleased that
we accomplished all of the goals we set out to achieve. Residents of the North
Country can rest assured that the many traditional uses of their back yard will
be preserved for years to come," said Senator Harold Burns, who spoke at the
news conference on behalf of New Hampshire Senate President Arthur Klemm.
An independent appraisal, which has now been approved by both the U.S. Forest
Service and the State of New Hampshire, calculated the property's fair market
value at $32.9 million.
After purchasing the property from International Paper, TPL immediately sold
25,000 acres, which will be set aside as natural areas, to The Nature
Conservancy (TNC) for $5.5 million. TPL plans to hold the remainder of the
property temporarily until federal and state officials, the Society for the
Protection of New Hampshire Forests, The Nature Conservancy, and TPL can
assemble the funding needed for its permanent conservation.
"Today marks a critical milestone in the effort to permanently conserve this
outstanding property," said Whitney Hatch, New England Director of the Trust for
Public Land. "The Trust for Public Land is grateful to International Paper for
providing this once-in-a-lifetime opportunity, and we are honored to be playing
a role in protecting their land. This effort would not have been possible
without the leadership of an unprecedented coalition of New Hampshire citizens,
elected officials, our partners the Forest Society and the Nature Conservancy,
public agencies, businesses, and other private supporters. Together, we will
leave an inspiring legacy for future generations."
"This landmark initiative demonstrates the broad-based commitment to conserve
important natural areas and maintain sustainably managed working forests in a
manner that will benefit wildlife, guarantee public recreational access, and
sustain the culture and economy of local communities," said Daryl Burtnett,
state director of The Nature Conservancy. "We look forward to working with the
State of New Hampshire to ensure that the Connecticut Lakes Headwaters Natural
Area permanently protects rugged mountain peaks, remote ponds, lush wetlands and
rich wildlife habitat, and sets us on a path to restore old growth forest in our
Great North Woods."
"Baseball and conservation are foremost in the minds of Granite Staters these
days. The Connecticut Lakes Headwaters project isn't just a base hit for
conservation, it's a grand slam," said Jane A. Difley, president/forester of the
Society for the Protection of NH Forests. "The project is testament to the power
of teamwork. And now the team needs to move forward to raise the federal, state
and private funds to make it all work. With the team we've got, I am confident
we'll win."
TPL was able to purchase the property thanks to a combination of loans and
grants from Lyme Timber Co., the Open Space Conservancy, New Hampshire's Land
and Community Heritage Investment Program (LCHIP), and Wainwright Bank and Trust
Company.
"Lyme Timber looks forward to its ownership of the these productive timberlands
and acknowledges the significant efforts made by the Governor, the Legislature,
the NH Congressional delegation, Division of Forests and Lands, Department of
Fish and Game, and the creative collaboration amongst TPL, TNC and SPNHF to make
this happen. We recognize the important regional economic significance of this
forest and plan to manage the property in a manner that provides a viable
economic return with public access and natural resource conservation," said
Peter Stein, general partner for Lyme Timber Company.
"This land is at the heart of the 26 million-acre Northern Forest -- the largest
undeveloped forest left in the east," said Denise Schlener, program director for
the Open Space Conservancy's Northern Forest Protection Fund. "The citizens of
New Hampshire have recognized the forest's importance for timber production,
wildlife protection, and recreational opportunities and acted to protect it
before these values were lost to development, as we have seen time and time
again elsewhere. I am delighted that the Open Space Conservancy's Northern
Forest Protection Fund can play a role in protecting this vital landscape."
"The LCHIP Authority was established by the NH Legislature with the intent of
conserving and preserving the state's most important natural, cultural and
historical resources through the acquisition of lands and cultural and
historical resources, or interests therein for the primary purposes of
protecting and ensuring the perpetual contribution of these resources to the
state's economy, environment and overall quality of life," said Rachel
Rouillard, executive director of LCHIP. "These 171,000 acres are not only
important from a natural resources and recreational perspective, but this land
has important cultural and historic value to the state as well. This area is an
integral part of the economy of the north country because of its contribution to
timbering trade and the tourist industry. We are so pleased to have been offered
the opportunity to participate in this unique project, and to be a part of
making NH history."
"As one of the country's leading socially responsible lenders and a long-time
supporter of TPL, Wainwright Bank is honored to direct our depositors' money
towards the financing of this historically significant project," said Nora
Bloch, project lender for Wainwright Bank and Trust Company.
In December 2001, the Connecticut Lakes Headwaters Partnership Task Force
released a Recommended Protection Plan for the Connecticut Lakes property, which
was designed to balance recreation, economic vitality, and natural resource
protection. Co-chaired by Governor Jeanne Shaheen and U.S. Senator Judd Gregg,
the Task Force's 42-member steering and technical committees held regular public
meetings to solicit input from North Country and New Hampshire residents through
the late summer and fall of 2001.
In accordance with the Task Force's recommendations, the project anticipates 1)
the purchase of a conservation easement covering 146,400 acres by the State of
New Hampshire, using state and federal funds, 2) the purchase of these 146,400
acres by Lyme Timber for continued forestry operations, 3) the purchase of
25,000 acres of the most ecologically sensitive habitat by the State of New
Hampshire to be set aside as natural areas, with a conservation easement held by
The Nature Conservancy, and 4) the purchase of 100 acres by the State of New
Hampshire as an addition to the Connecticut Lakes State Forest.
Thanks to the strong support of New Hampshire's legislative leadership, a bill
authorizing up to $10 million in state funding for the project was approved by
the House of Representatives in February and is under consideration in the
Senate. Now, project supporters are seeking $8 million in private funds and
working with Senators Gregg and Smith and Representatives Bass and Sununu to
raise $8 million in additional federal funds for the project.
International Paper (http://www.internationalpaper.com) is the world's largest
paper and forest products company. Businesses include paper, packaging, and
forest products. As one of the largest private forest landowners in the world,
the company manages its forests under the principles of the Sustainable Forestry
Initiative (SFI(SM)) program, a system that ensures the perpetual planting,
growing and harvesting of trees while protecting wildlife, plants, soil, air and
water quality. Headquartered in the United States, at Stamford, Conn.,
International Paper has operations in nearly 50 countries and exports its
products to more than 130 nations.
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SOURCE International Paper
CONTACT: Media - Jenifer Christman, +1-901-763-6963, or Jennifer
Boardman, +1-203-541-8407, both of International Paper; Erin Rowland of The
Trust for Public Land, +1-617-367-6200, ext. 321; Analyst - Carol Tutundgy,
+1-203-541-8632, or Darial Sneed, +1-203-541-8541, both of International
Paper
URL: http://www.internationalpaper.com
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