Proceeds from this transaction will further enhance our already strong liquidity position and flexibility. The counties include Aitkin, Becker, Beltrami, Carlton, Cass, Clearwater, Crow Wing, Hubbard, Itasca, Kanabec, Koochiching, Morrison, St. Louis and Wadena. The Conservation Fund will continue paying property taxes as it works on conveying the land to the other parties. A lot of these timber companies have turned into REITs, which are Real Estate Investment Trusts, and they make more money by selling off and chunking up these forests into 40-, 10- and 80-acre parcels, Berns-Melhus said. Potlatch will continue to own and operate its Bemidji sawmill, she said, which produces spruce, pine and fir lumber for home construction. Those that want to hunt should ask TCF for permission and a permit may be granted. document.write ("?zoneid=3&block=1&blockcampaign=1"); The purchase comes as Spokane, Wash.-based PotlatchDeltic Corp. wraps up a yearslong effort in Minnesota to sell some 300,000 acres of less-strategic company-owned forests that it said could be put to better use. John Myers reports on the outdoors, natural resources and the environment for the Duluth News Tribune. PotlatchDeltic now has about 20,000 acres left in Minnesota, said company spokeswoman Anna Torma. Eventually, the land will be transferred to state, local or tribal governments to manage for conservation, she said. TCF has hired Compass Land and Associates of Wisconsin to manage the forests. Berns-Melhus said Potlatch will retain land around Baxter and operate the Bemidji lumber mill, which is located in Hubbard County. USA, FEA Canada We also use third-party cookies that help us analyze and understand how you use this website. All forward-looking statements speak only as of the date hereof, are based on current expectations and involve and are subject to a number of assumptions, risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. It also provides habitat for sensitive bird species, located at the edge of breeding ranges for the Golden-winged and Blackburnian Warbler, as well as the American Woodcock.Forest fragmentation is a major concern in northern Minnesota. About 31,600 acres are located within the reservation boundaries of the Bois Forte Band of Ojibwe and the Leech Lake Band of Ojibwe. New development and roads break up the large, contiguous blocks of habitat that many species need to thrive. , REGIONAL Almost 4,400 acres of land located between Duluth and Minnesotas northern border have been acquired by St. Louis County, thanks to efforts by two conservation groups. Other land will be open for walking and hiking. Typically, those land holdings are no longer managed as working forests and are owned by private individuals. Potlatch, before it was PotlatchDeltic, once owned 330,000 acres of land across northern counties to provide trees for its mills. What does a look into the Vikings' future tell us about the 2022 season? Potlatch announced the land deal in June to industry publications to satisfy its federal legal requirements as a substantial corporate transaction. The jury appeared deadlocked over a first-degree murder count. } document.write (document.charset ? Donate today. document.write ("&loc=" + escape(window.location)); if (document.context) document.write ("&context=" + escape(document.context)); Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. This month, The Conservation Fund finalized a deal to purchase the remaining 72,440 acres, scattered over 14 counties, for almost $48 million.. Ann Simonelli Theyve been actively selling it off for the last 20 years.. if (document.context) document.write ("&context=" + escape(document.context)); //]]>-->. Now called PotlatchDeltic and based in Spokane, Wash., the company sold off most of that land over the past few decades. Cloud to Moorhead, Man, 27, given 14-year sentence for fatally shooting another man in western Minnesota garage, Charge: Man was drunk when he left party in Otsego on ATV, crashed and killed 12-year-old passenger, Mpls. The company says the sale will have no impact on its last remaining Minnesota operation, the Bemidji lumber mill, which will continue to operate using trees cut on the same land. Port Coquitlam, BC if (document.MAX_used != ',') document.write ("&exclude=" + document.MAX_used); A gift of $17 makes a difference. The deal will transfer lands from forest products company PotlatchDeltic to the county for permanent protection and public access.The county will manage the lands for recreation, wildlife, and sustainable timber harvest.PotlatchDeltic was one of the largest private industrial forest landowners in St. Louis County, and the impact of that land being sold and developed would reverberate across the North Woods, said Daryl Peterson, director of restoration programs with the Minnesota Land Trust. You also have the option to opt-out of these cookies. Berns-Melhus said TCF will honor the hunting leases that are currently in place. Both state and federal money is available to buy critical conservation land, such as money from the states Outdoor Heritage Fund. Berns-Melhus said shes keeping a list of interested parties, but there are no plans to sell. This website uses cookies to improve your experience while you navigate through the website. This wetland complex is among the forest land that will be open for public use under a transfer of about 4,400 acres of PotlatchDeltic land to St. Louis County. In one of the largest land conservation efforts ever in the state, a major sale of northern Minnesota forested land is nearly complete that will see 72,000 acres permanently preserved and critical wildlife habitat made off-limits to development yet open to logging and public recreation. The sale will have no impact on PotlatchDeltic last remaining facility, a sawmill in Bemidji. "Tamarak Reflections" (Photo by Sparky Stensaas). The parcels, which PotlatchDeltic has owned for decades to supply its paper and lumber mills with trees, are located in 14 counties St. Louis, Carlton, Itasca, Koochiching, Aitkin, Becker, Beltrami, Cass, Clearwater, Crow Wing, Hubbard, Kanabec, Morrison and Wadena. document.write ("'><\/scr"+"ipt>"); Potlatch formerly owned several facilities in the state, including the Cloquet paper mill now owned by Sappi and waferboard plants in Grand Rapids, Cook and Bemidji. Much of the land involved in that deal also was formerly PotlatchDeltic land. The forested acres are mostly red pine, aspen and spruce, she said. Potlatch, before it was PotlatchDeltic, once owned 330,000 acres of land across northern counties to provide trees for its mills. She can be reached at kberns@conservationfund.org or 612-702-5277. One large parcel, for example, is adjacent to Paul Bunyan State Forest in Hubbard County. For The Conservation Fund Click here to see your options for becoming a subscriber. Potlatch Northern Minnesota Hunting Land & Timberland Investment Properties, ElyBrimsonVirginiaHibbingCook Orr. The land is home to game species including pheasants and deer. Kim Berns-Melus, Minnesota director for the Conservation Fund, said the scattered parcels will fit in well with other public lands around them, keeping wildlife corridors open and allowing access for loggers when private landowners often shut them out. TCF is currently working with the company to purchase some of its acreage by the Boundary Waters as well. The $48 million for the purchase came from private funds, it said, including the Richard King Mellon Foundation in Pennsylvania, and capital from green bonds for conservation work issued by Goldman Sachs. Our purchase and the ultimate protection of the PotlatchDeltic land will support northern Minnesotas long tradition of timber production and outdoor recreation by preserving working forestlands and safeguarding jobs, while also protecting water quality and wildlife habitat, helping mitigate climate change, and contributing to local economies,"said Larry Selzer, President and CEO of The Conservation Fund, in a statement. 'https://timberjayads.creativecirclemedia.com/www/delivery/ajs.php':'http://timberjayads.creativecirclemedia.com/www/delivery/ajs.php'); Top-ranked for efficiency and effectiveness, we have worked in all 50 states since 1985 to protect more than eight million acres of land, including more than 311,000 acres in Minnesota. Potlatch moved operations to the south, like Arkansas, because trees grow faster there. He's not the first and definitely won't be the last. document.write ("?zoneid=6&block=1&blockcampaign=1"); Were happy to work with you on different solutions. This communication contains statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, with respect to PotlatchDeltics expectations concerning the occurrence, timing and tax implications of the closing of its sale of timberlands. PotlatchDeltic Corporation (NASDAQ: PCH) today announced an agreement to sell approximately 72,000 acres in Minnesota to The Conservation Fund for approximately $48 million in cash.

if (document.referrer) document.write ("&referer=" + escape(document.referrer)); TCFs goals are to support working forests; conserve forestlands for clean air and water; maintain climate resilient habitat for wildlife, recreation opportunities and climate change. It plans to work with the Indian Land Tenure Foundation in Little Canada on that, she said. The State Patrol made nearly 1,500 traffic stops last weekend to curtail illegal street racing, dangerous driving, and other criminal activity, and the Bureau of Criminal Apprehension has recovered 128 illegal firearms, 4,187 Fentanyl pills, and made 200 felony arrests.