Obama designates vast stretch of Maine woods as federal parkland
New York
PRESIDENT Barack Obama turned a vast stretch of Maine woods into the nation's newest federal parkland on Wednesday, siding with conservationists who want the wild lands protected, over residents and officials who oppose intrusion from Washington and restrictions on use of the land.
Mr Obama designated more than 87,500 acres (about 35,400 hectares) of rugged terrain, donated by a founder of the Burt's Bees product line, as the Katahdin Woods and Waters National Monument, administered by the National Park Service, a day before the service's 100th anniversary. It became by far the largest region of federal parkland in Maine, surpassing the 48,900-acre Acadia National Park on the coast.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
US pending home sales jump in March to hit highest in the year
Blackstone strikes US$1.6 billion student housing deal with KKR
European real estate deals slump to lowest level in 13 years
Singapore Q1 industrial rents rise further as occupancy dips and prices fall: JTC
Condo resale volumes rebound in March; prices inch up 0.4%: SRX, 99.co
S$16.5 million deal at The Ritz-Carlton Residences tops Q1 gainers; seller reaps S$4.9 million profit