During a monthlong restriction on logging due to wildfire danger that has just been lifted, some area property owners tried to buy the 340-acre parcel, which sits atop Nason Ridge and overlooks the lake, a recreation destination on the eastern slopes of the Cascades.
Friends of Lake Wenatchee Forests offered to buy 340 acres for $1.3 million. Longview Fibre wanted $3.4 million for the land. No deal was reached.
The group says it is still talking with Longview Fibre officials about a possible land exchange that might prevent the logging. More likely, although still a long shot, is a proposal for property owners to buy development rights to the land from Longview Fibre after the logging is complete, thereby preventing plans for a housing development.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.