Hofmann Forest will not be clearcut, says proposed buyer after agreeing US$150M purchase from North Carolina State University; comments follow leaking of prospectus suggesting plans for golf course, homes, farms, in 79,000-acre research forest

RALEIGH, North Carolina , November 15, 2013 () – Buyer seeks distance from its leaked plan showing prospects for development at Hofmann Forest

The proposed buyer of a massive research forest owned by North Carolina State University is distancing itself from a leaked prospectus suggesting it would clear cut much of the woodland for a golf course, homes and farms.

The News & Observer of Raleigh reported (http://bit.ly/1aW7QCo ) that a representative of Hofmann Forest LLC reaffirmed earlier public statements that the company would not develop the forest. Spokesman Tom Percival says the leaked document was for internal use and does not reflect the company's current plans.

University officials announced last month they would sell the nearly 80,000-acre tract for $150 million dollars, specifically citing assurances the company owned by Illinois agri-businessman Jerry Walker would preserve the environmentally sensitive land.

Hofmann is home to large populations of black bears and rare Eastern diamondback rattlesnakes.


Information from: The News & Observer, http://www.newsobserver.com

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