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A major portion of Galbraith Mountain, known in the community for its recreational uses such as mountain biking, is up for sale.
Polygon Financial has put 3,119 acres up for sale, marketing it as a "unique long-term asset" and touting its potential multiple uses, including recreation, timber extraction or even conservation, preserving it for future generations.
"It’s a unique property with many different attributes for potential buyers," said Matthew Balkman of Turning Point Realty Advisors. Balkman is one of the listing agents for the property.
The appraised value of the property is just under $16 million and includes the market value of the timber and that 749 acres on the outer edges allow for some residential development. The majority of the property – 2,370 acres – is zoned commercial forestry, which doesn’t allow for residential development.
It has about 44 miles of mountain biking trails, most of which were built and maintained by WHIMPs Mountain Bike Coalition.Read more here: http://www.thenewstribune.com/2012/05/2 … rylink=cpy
Hopefully no matter what happens, trail access for the local riders will be preserved.
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