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There had previously been issues with purchasing the land for the project, until the recent completion of the 5800 acre deal and the 0,000 back taxes payment.
While the Tupper Lake community may choose to remain only tentatively optimistic, these big steps could signal a happy turn of events for the ACR and its supporters as the project slowly – but surely – moves forward.
The deal to purchase the land began in 2004 and has finally been completed, for a total of .2 million according to documents recorded with Franklin County.
The land acquisition will enable the Preserve Associates to start selling lots to prospective buyers.
In January 2012, the Adirondack Park Agency approved multiple permits to allow the project to move forward.
As part of the project, premium mansions will be constructed on the recently acquired land; the finished products are expected to be sold for more than million each.Planned upgrades and developments for the Ski Area are a significant part of the Adirondack Club & Resort project.In April, the town-village Joint Planning Board approved the boundaries of the salable lots and set the conditions of the sales for the ACR.The focus is currently on 18 of the “great camp” lots, 8 large lots and 10 smaller lots, which range in size from 30-700 acres.The next step is for the ACR is to sell the individual lots and begin construction of roads to access the sites.
Thirteen years after entering into an agreement with the Oval Wood Dish Corporation Liquidating Trust back in 2004 to purchase approximately 5,800 acres of land, Preserve Associates, the group behind the ACR, has finally sealed the deal.