News came from New England’s north woods last fall that a large residential and commercial development on 17,000-acres near Maine’s Moosehead Lake conceived before the Great Recession has not begun and would not move forward.
The APA-permitted Adirondack Club and Resort near Tupper Lake has also not commenced, largely for economic reasons. The developer, Preserve Associates, is being foreclosed upon, their creditors are pressing for relief, and the new mortgage holders (Crossroads LLC) are trying to figure out what to do once they acquire the 6,200 acres.
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