TRIBAL BUSINESS NEWS • November 4, 2023
National nonprofit Trust for Public Land (TPL) has secured more than 31,000 acres in the Katahdin region of Maine with designs on returning the land to the Penobscot people who originally occupied it. Trust for Public Land bought the land in 2022 from timber management organization Conservation Resources, LLC, for $29.5 million. Now, the organization is hoping to raise $32 million in financing to pay back loans taken out in pursuit of the land and return the acreage to the Penobscot Nation. At the same time, the deal will create “much needed access” to Katahdin Woods and Waters National Monument.