TPL Acquires Key Piece of Fern Lake Watershed Property
Site will become part of Cumberland Gap National Historical Park
The property is a key piece in an effort begun by TPL in 2004 to protect the approximately 4,500-acre
TPL purchased the property from a client of The Molpus Woodlands Group, LLC ("Molpus Woodlands Group") at a cost of
"This purchase will ensure the continued supply of safe, clean drinking water to people in
Congress created Cumberland Gap National Historical Park in 1940 to preserve the "gateway to the west," a natural gap in the Appalachian Mountains crossed by almost 300,000 settlers as they moved from the East in America's early years. The park is known today for its scenery, caves, rich history, and more than 70 miles of trails.
"This acquisition is a major victory for both the park and the community," said
TPL's purchase will also protect the view from the park's popular Pinnacle Overlook, where visitors look at three states ---
Phase I of the Molpus property (1,266 acres) will be transferred to the National Park Service next month, using
Cumberland Gap National Historical Park stretches for 25 miles along Cumberland Mountain and contains almost 24,000 acres of historical, cultural, and natural resources. Located where
The Trust for Public Land (TPL), a national private nonprofit conservation organization founded in 1972, protects land for people to enjoy as parks, greenways, community gardens, urban playgrounds, and wilderness. Since its inception in 1972, TPL has completed more than 3,000 projects in 46 states, protecting more than 2.5 million acres of land. TPL depends upon the support of individuals, corporations, and foundations. TPL's recent conservation efforts in
The Molpus Woodlands Group (MWG), LLC, a Registered Investment Advisor, was founded in 1996 as a Timber Investment Management Organization ("TIMO"). With its sister operating companies, MWG has a history in the timber industry dating back to 1905 and finds itself as one of the oldest timber-related companies in the nation with experience in all facets of timber management, manufacturing and marketing. MWG acquires, manages and sells timberland as an investment vehicle for pension funds, college endowments, foundations, insurance companies and high net-worth individual investors. The company focuses on ensuring long-term optimum cash returns on investments while practicing responsible forest stewardship. Website: http://www.molpus.com/
SOURCE The Trust For Public Land
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