One of Canada\u0027s most prominent conservation groups has reached a deal to buy the largest privately owned island in Lake Superior.
Acheson owns several parcels of land in Ontario’s Algoma District and listed Batchawana Island for sale in February 2022, the Nature Conservancy said.
Michigan logging companies interested in bringing the island’s lumber to their markets were deterred by the same complications, Cormier said, noting Batchawana is home to valuable sugar maple, yellow birch, white and black spruce and northern white cedar.Article content The non-profit needs to buy properties at fair market value, which can be challenging when property prices are inflated, she said..When housing markets are hot, “it’s harder for the NCC to compete because there are so many offers flying around and people have a lot of expendable income,” she said. The economic downturn in the U.S. may have made the island’s return on investment less attractive to other possible buyers, she added.
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