(Sept. 8, 2022) The Land Bank announced today that it has purchased 20.7 acres of land in the Smooth Hummocks Coastal Preserve from the Nantucket Conservation Foundation for $3 million.
The purchase will allow the Conservation Foundation to pay off the remainder of its mortgage on a $7.5 million property in the Shawkemo Hills area that it purchased in 2021 for $7.5 million, Foundation CEO Cormac Collier said.
“We’re thrilled that the Land Bank stepped up and partnered with us on this project,” he said. “This is a mechanism for them to get interest in a property more suitable for their operations and the proceeds can be used to help us protect other important properties around the island.”
Collier said it made sense for the property – which stretches from West Miacomet Road to the ocean – to be owned by the Land Bank. Not only is it completely surrounded by other Land Bank property, but it aligns more with its management and stewardship efforts.
The Smooth Hummocks Coastal Preserve, located between Miacomet and Madaket, is one of the Land Bank’s largest contiguous holdings and contains a significant portion of the world’s remaining sandplain grassland and coastal heathland habitats.
“The proceeds from this purchase directly enabled NCF to conserve over 20 acres of land in the Shawkemo Hills area, further protecting the Nantucket Harbor watershed,” the Land Bank said in its announcement.
“Over the years, our collaborative efforts with NCF have advanced many conservation initiatives across the island, and we appreciate this opportunity to partner with them once again.”
This is the Land Bank’s second acquisition in the last week, following last Friday’s $5.45 million purchase of 3.36 pond-front acres at 76 Millbrook Road. The Land Bank has so far this year acquired 10 properties for just over $38 million, including six acres of waterfront property on Eel Point Road, an acre of waterfront property in front of the Our Island Home nursing home and two properties – one waterfront – on Washington Street.
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September 09, 2022 at 12:10AM
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Land Bank acquires 20 acres in Smooth Hummocks from Conservation Foundation - The Inquirer and Mirror
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