PETERSBURG (AP) -- After 20 years of logging at Cube Cove on Admiralty Island, the Shee Atika Native Corp. plans to halt logging operations and sell the property back to the federal government.
Shee Atika, based in Sitka, has clear cut about 20 million board feet of timber yearly at Cube Cove but is discouraged by weak timber markets.
The 23,000-acre property shares a 100-mile boundary with the Admiralty Island National Monument. Cube Cove is the last remaining large piece of private land adjacent to the monument.
The agency is interested in acquiring lands adjacent to national forests, said Forest Service spokeswoman Beth Pendleton. Atika owns the surface rights to the property while SeaAlaska Corp. owns the subsurface rights. Pendleton said discussions are in the early stages with the two companies and a deal could be reached by next spring.
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