The Land Bank is pleased to announce the completion of the first part (41 & 45 Cato Lane) of a two-part acquisition on Cato Lane. The seller was very conservation-minded and the property had been in the family for a long time. While the Land Bank does not typically target parcels like this, there was a recognition that this was a dense, year-round neighborhood area, and the notion of having every single bit of land developed there was not ideal. The Commission saw it as a gem of open land surrounded by development, similar to the Land Bank’s Lily Pond property downtown. It exists as an oasis in a sea of houses, and will be a great place for people in the neighborhood to go and feel like they have some space. The second part of the acquisition (40 & 46 Cato Lane) is expected to be completed in May of 2013 and the total acreage of both parcels will add approximately 15.68 acres to the Land Bank’s current holdings.
On June 29, 2011 the Land Bank successfully completed the acquisition of a 25 acre parcel of land located at 70 Miacomet Road. Mr. Andrew Ferreira and the Land Bank started discussions over ten years ago. Andrew grew up on Nantucket and wanted to see the bulk of his family’s land protected. He retained a pair of two acre lots for his family and sold the remaining 25 acres to the Land Bank for $6 million. The property is heavily wooded with scrub oak and pine trees, and abuts an additional 7.6 acres of Land Bank property creating a larger tract of preserved land. The property is located directly across the street from Miacomet Pond and conservation of this property will help to protect the pond’s water quality over the long-term.
The Land Bank has initiated a marshland restoration project in partnership with the Town and Nantucket Conservation Foundation at Consue Springs. Through these joint efforts, invasive species (Phragmites and Japanese Knotweed) are slowly being removed from the property. The process is expected to take at least five years, with the goal of opening up scenic views of the harbor for the public to enjoy.
For more detailed information on the project, email email@example.com.
The Land Bank is currently putting the finishing touches on its new Fair Street Park. This park is a wonderful new outdoor space for people to gather, sit and enjoy the views of town, enjoy a snack, or read a book.
A new parking area and trailhead have just been completed at this beautiful new Land Bank property. The property is located on the right side of the Polpis Road heading out, just past the Folger Marsh and Lifesaving Museum. Follow the long driveway up and take your first right to the parking area. The trail heads off into the Middle Moors and connects with dirt roads and Nantucket Conservation Foundation properties.