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Monday, March 13, 2006

More on Company Buying UP Power Co. Land

The Mining Journal reports that folks in the UP are wondering who Naterra Land is and why they have purchased thousands of acres surrounding hydroelectric basins in the Upper Peninsula. The company is based in Minneapolis and (according to Executive Vice President Steve Roman) has been acquiring similar wooded lakeshore properties in the UP for years and selling then to "...the kind of people who visited here as kids or find their roots here and want to come back to live or vacation in the Upper Peninsula, northern Wisconsin and northern Minnesota." About 7,300 acres has been or is in the process of being sold to Naterra around six UPPCO hydroelectric dam reservoirs in Marquette, Alger, Delta, Ontonagon and Houghton counties.
Also see Under scrutiny; Land deal an open process in the Mining Journal
Naterra Land web site (currently not responding!)

Read More (external link) »

# posted by farlane @ 8:53 AM
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