Nantucket Land Bank Outfoxed on Tuckernuck

"Land Bank Loses Out on Tuckernuck Acreage"
The Inquirer & Mirror, May 22, 2008
By Jason Graziadei

NANTUCKET -- With the Land Bank on the verge of acquiring 12 acres on Tuckernuck, the small island west of Nantucket, a private buyer has stepped in and purchased the property before the public agency could complete the deal.

Attorney Arthur Reade, who is representing a blind trust called High Meadows Trust, said ... the trust’s intention was not to develop the land on Tuckernuck. ...

Bartlett’s land is assessed at $1.9 million, and last year the Planning Board approved a plan that would allow him to subdivide the property into four lots. That decision was appealed by the Nantucket Land Council and the Tuckernuck Land Trust, and the matter is currently pending in Massachusetts Land Court. ©

Read the full article in The Inquirer & Mirror.

Related article: “Tuckernuck Owners Oppose Land Bank Buy of Bartlett Land,” The Inquirer & Mirror, May 16, 2008