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Expansion of Lake James State Park
Crescent Resources LLC has agreed to sell approximately 3,000 acres of property on Lake James in Burke County to the state of North Carolina for the expansion of Lake James State Park. According to independent appraisals by both Crescent Resources LLC and the State Property Office, the per-acre appraised value is $10,500 with the agreed value of $30.6 million for the entire parcel. A one-time gift from Crescent Resources LLC valued at $12.25 million will allow the state to purchase the property for $18.36 million this year. On this basis, Crescent Resources LLC and the state of North Carolina have finalized a contract for sale.
In the past 10 years, money for land acquisition for state parks has come from the Parks and Recreation Trust Fund, which is supported by the state’s tax on real estate deed transfers. The portion of that trust fund set aside for land acquisition reached $7 million in 2004, the highest amount ever, but far below the contract price for the Lake James property.
Legislation approved in the 2004 session of the N.C. General Assembly (HB 1264) allows the state to issue certificates of participation (COPs) a financing instrument similar to bonds for up to $20 million this year for state parks projects. The PARTF approved the use of COPs to fund PARTF's portion ($11,081,000) of the Lake James State Park expansion at its quarterly meeting Oct. 25, 2004 in Brevard. The CWMTF has formally approved the use of COPs for designated projects. In November the CWMTF will consider the use of COPs for its portion ($6.9 million) of the Lake James State Park Expansion. The Natural Heritage Trust Fund (NHTF) also approved the use of COPs ($2,019,000) at its Sept. 30, 2004, meeting for acquisition of the Linville gameland tract adjacent to the Pisgah National Forest.
Lake James, located in Burke and McDowell counties, is the first lake along the 300-mile Catawba River chain. The future park expansion site is located on the north side of the lake where the Linville River joins the Catawba River. The site includes sections known locally as Long Arm and Paddy’s Creek. With close to 24 miles of lake frontage, these sections provide scenic views of the Linville Gorge, Shortoff Mountain and other distinguishing peaks of the Blue Ridge Mountains.
- The acquisition will mean protection of an additional 30 miles of Lake James’ shoreline, thereby helping to safeguard water quality and contributing to the region’s “green infrastructure” that includes the Pisgah National Forest, the Linville Gorge Wilderness Area and the Blue Ridge Parkway. The property also includes 23,000 linear feet of feeder streams.
- The potential for additional recreation opportunities is obvious on the subject property with its extensive shoreline and scenic views. Currently, the division’s planners are evaluating its potential for a network of hiking trails, family campgrounds, backcountry campsites, canoe/kayak areas, and swim beaches.
- The expanded state park could also become a junction point for three principal trail systems the state’s Mountains-To-Sea Trail, the National Park Service’s Over Mountain Historic Victory Trail, and the Linville Gorge Wilderness Trails.
“Significant time and effort have gone into developing an overall plan that creates a regional economic driver for the Lake James region,” said Troy Lucas, Crescent’s Lake James project manager. “Expanding the state park at Lake James is a key component in that plan and today’s announcement is clearly good news for this area.”
The overall plan is the result of two years of intensive planning discussions between Crescent and interested stakeholders, including officials from Burke and McDowell counties, the business and development communities, the Foothills Conservancy, the Citizens to Save Lake James, the Lake James Task Force, and the Southern Environmental Law Center, which represented the interests of the Sierra Club, Trout Unlimited and other conservation groups.
“This addition will immediately move Lake James State Park into a new class in terms of recreation potential and conservation of natural resources,” said Lewis Ledford, director of the N.C. Division of Parks and Recreation. “Perhaps the most gratifying aspect about the acquisition is the example of true partnership among the state parks system, a corporate entity, the conservation community and local government.”
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