They Did It! Lake George Land Conservancy’s Campaign to Save the Pinnacle a Success
The purchase price was $525,000. Any additional funds raised will be used for expenses, such as closing costs, said Hoffman.
Bolton Supervisor Ron Conover confirmed that the Town will purchase the Pinnacle from the Lake George Land Conservancy for approximately $150,000 once a conservation easement is in place and the property is protected permanently from development.
The price of the property to the Town is far less than its market value, said Conover.
“The Town and the people of Bolton are the beneficiaries,” said Williams.
“You can’t put a value on it,” said Conover. “Land protection is investment in our future. The protection of the Pinnacle, of its viewshed and with its potential for recreational trails, is a gift to the Town.”
The purchase of the Pinnacle and its sale to the town is expected to take place at one closing, said Hoffman.
According to Conover, a system of trails linking the Pinnacle, the Cat and Thomas Mountain Preserve and the Conservation Park is in the process of being planned.
The system includes easements across private properties, and several landowners have already agreed to donate those easements, said Conover.
Conover said the Town’s ultimate goal is to link the trail system to the hamlet of Bolton Landing.
A Town to Peaks trail system, one that includes the Pinnacle, was a recommendation of a “Trails Master Plan” developed by Tracy Clothier of the LA Group with a $69,000 state grant, recalled Conover.
“The Pinnacle was the major, missing element in Bolton’s ‘Trails Master Plan’. It really is the jewel in the crown. If we had lost it, we would have lost not only a vista but a piece of the plan,” said Conover. “Once we have protected it, we need a strategy to package our trails system.”
Protecting the Pinnacle and “making Bolton a hub of hiking activities” was a partnership not only of the Conservancy and the Town, but also with he private landowners who have agreed to permit hiking trails to cross their properties, said Conover.
“Many hands make light work,” said Conover.