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92,000 acres sold to investment firm

State ownership of Adirondack property often includes a reduction of allowed land-use applications and often negatively affect local commerce, local officials have argued.

"It was certainly not unexpected - the good thing is that it will keep the land in timber production," Adirondack Local Government Review Board Executive Director Fred Monroe said. "I am a little concerned because I am not sure how a Danish pension firm will treat the locals and lease-holder."

Newcomb Supervisor and ALGRB Chairman George Canon echoed Monroe's sentiments, but voiced caution about the future of the land.

"From my understanding the state still plans on buying a large part of the land back," Canon said. "The positive side is that it maintains the snowmobile trail system per the agreement and keeps the land on the tax rolls."

Although the Conservancy had never filed for tax exempt status, local officials have been concerned about the possibility.

"Any time it doesn't go to the state is a help to the economy," Canon said. "It looks like the agreement restores the land use to what it was when Finch owned it."

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