University of Georgia to sell Lake Blackshear property

ALBANY, Ga. (WALB) – The College of Georgia is promoting the Lake Blackshear property that they’ve owned for fairly a while.

Dale Greene, Dean of the College of Georgia Warnell Faculty of Forestry and Pure Assets, stated they’ve an attention-grabbing improvement with very good lakefront property in South Georgia, that has been within the care of the College of Georgia.

“Again in 1989, this property got here to us from Mr. Charles Wheatley, who was a building contractor. He had owned the property for a lot of years, as a spot to recreate, primarily quail hunt (and) host mates. It was a terrific present to the college,” he stated. “We’ve had it almost 33 years now, so now we have taken stands of timber by means of a complete rotation.”

Greene stated the college has been doing a scientific cautious view of lands which are below our administration.

“(We’ve been) trying to see if we’re managing it, managing these in a method that will assist the college with probably the most sustainable revenue. (We’ve been) trying to see if we’re managing it, managing these in a method that will assist the college with probably the most sustainable revenue. And I feel we shared with the native media a yr in the past that we had been evaluating doubtlessly a lakefront improvement, with the rest of the forest remaining a working forest,” he stated.

Greene added the choice got here because the market continued to vary for lakefront properties.

“We had been getting some chilly calls from people asking about our curiosity in promoting, so we regarded into that choice as nicely. And it’s fairly clear that given the appreciation of this property over the 30-plus years we’ve had it that we might higher assist the college by promoting it, endowing the funds and utilizing these annual revenues to assist our instructing analysis and outreach missions,” he stated.

Greene stated taking good care of the donor’s imaginative and prescient for the land donation is vital to the College of Georgia.

“It very a lot is, and we had been lucky that Mr. Wheatley gave us the present with out restrictions on a sale. And with none restrictions on use it,” he stated. “He wished it for use to finest assist the college and left that to our discretion. It’s simply time to make the most of these markets that now we have in the present day whereas they’re nonetheless right here.”

The cash made for promoting the land will go towards three missions set for the college.

“Analysis, instructing and outreach. So these funds can be endowed, that means they might be invested and we’d solely contact then the annual income generated from the investments,” he stated. “However they might assist us present instructing assistants, graduate instructing assistants in our lecture rooms, and analysis workers for our area research, which assist us assist and enhance administration of pure sources. And to assist ship applications to Georgia residents who’re making an attempt to handle their forest land holdings in a sustainable method.

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