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The history
When shares of Diamond International Corporation's parent holding company were traded on the Paris stock exchange in 1988, one million acres of forests in the four state region went up for sale. In Maine, 790,000 acres were sold principally to conservation and timber management interests. In New Hampshire, New York, and Vermont, two developers bought nearly 200,000 acres with the intent to subdivide and market the lands as recreational and development properties. Conservation organizations and the three state governments eventually bought about 100,000 acres of this land while the remainder went to a variety of uses including development and timber liquidation. The bulk of the Northern Forest lands remain in private ownership as timberland. A massive recession at the time of the sale probably influenced this outcome. But the risk of change to the character of these lands and the public values associated with them captured the attention of two prominent US Senators from the region, Sen. Patrick Leahy of Vermont and (then) Senator Warren Rudman of New Hampshire.
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