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Additional Acres in Monroe, MA

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Additional Acres in Monroe, MA Available Property, Rowe and Monroe, Massachusetts Property Profile Property Address: Monroe Hill Road, Rowe, Massachusetts Total Acreage: Approximately 1,735 acres Parcels: The property consists of 25 separate parcels Current Zoning: Residential/Agricultural and Industrial Monroe, MA Additional Acres in Monroe, MA Acres: Approx. 93 In addition to the parcels in Rowe, additional land is available in the Town of Monroe on the western side of the Sherman Reservoir. The property Zoning: Residential features undeveloped land consisting of plateaus, hills and ridgelines. Several tributaries to the Deerfield River are located on the property. Land Use: Open Space Timber harvesting previously occurred on the property. Acquisition of the Rowe and Monroe parcels may be completed independent of each other or as one transaction. Available Property, Rowe and Monroe, Massachusetts Property Location: The two properties are located in the Towns of Monroe and Rowe in the northwest corner of Franklin County, Massachusetts. The towns of Monroe and Rowe are separated by Sherman Reservoir, the largest lake on the Deerfield River. Franklin County is a sparsely populated rural area in north central Massachusetts. The land is currently owned by Yankee Atomic Electric Company. The decommissioned Yankee Rowe nuclear power station was previously located on approximately 80 acres of the property. The remaining land served as open space buffer land during the plant’s operation. Franklin County Massachusetts Rowe Property Description: The Rowe property is located in the northwest corner of the Town of Rowe at its border with the State of Vermont and east of the Sherman Reservoir. The property is accessed via Monroe Hill Road, a well- maintained secondary Town- owned roadway. Approximately 1,232 acres are located northeast of Monroe Hill Road, while another 503 acres are located southwest of the roadway. Available Property, Rowe and Monroe, Massachusetts Market Influences: Rowe is a small town in northwestern Massachusetts, with a 2007 population of 407 people. Despite its small population, the town is well-known for its location along the Deerfield River which serves as an economic driver for both tourism and power generation. The rural community has a solid tax base supported primarily by the Bear Swamp pumped storage hydro- electric plant. Tax rates for residential, commercial and industrial property are attractive. Franklin County is dominated by agricultural land and open space. The economic center of the County is Greenfield, with a majority of the County’s commercial enterprises located along the I-91 corridor. A number of niche markets exist throughout the region, including power generation, timber management, resorts, and active recreation venues. The top employers in Franklin County include manufacturing, healthcare, retail, educational and public sector entities. • Yankee Candle Company Inc • Baystate Franklin Medical Center • Northfield Mount Hermon School • Big Y Super Market • Channing Bete Company, Inc • Deerfield Academy • Gentiva Health Services • Gill-Montague Regional School District • Greenfield Public Schools Bear Swamp Hydroelectric Plant, Rowe, MA • Hardigg Industries, Inc • Judd Wire Inc The natural resources in the region provide the basis for its strong tourism industry. The natural setting provides The regional economy is also influenced opportunities for boaters, fisherman, hunters, skiers, and heavily by its rural setting. Tourism, hikers. The Deerfield River is a major draw for water sport recreation, and power generation are major enthusiasts, and numerous enterprises offer whitewater features of the regional economy. rafting, kayaking and fishing adventures along the River. The Massachusetts Office of Travel and Tourism promotes the region as a tourist destination with the Bear Swamp Hydroelectric Visitor Center and Monroe State Forest as key attractions. The Mohawk Trail is a major tourist draw in the region. The Mohawk Trail was the first scenic road in New England and officially opened in 1914. It spans the northern section of Worcester, Franklin and Berkshire counties. Available Property, Rowe and Monroe, Massachusetts Easements: Rowe Property Characteristics: Several easements are Several tributaries to the Deerfield River are located on the Rowe property. Lord recorded on the Rowe Brook parallels Monroe Hill Road and Wheeler Brook extends from the Vermont property. The most state line south to the former plant area. Shippee Brook is located in the significant is a 200’ and southeastern section of the property. Numerous wetlands are located on the 300’ easement to New property. England Power Company for electric transmission The Rowe property is characterized by significant variations in topography lines and related poles ascending from the Deerfield River Basin to peaks as high as 1,900’ above sea and structures. level. The property consists of several peaks, hills and ridgelines. Special Considerations: An independent spent fuel storage installation (ISFSI) associated with the previous operation of the Yankee Rowe Plant is located in the former plant area and remains under a U.S. Nuclear Regulatory Commission license. Future ownership of the 300 meter buffer surrounding the ISFSI will be negotiated as part of the property disposition. There are two activity and use limitations recorded on the property. These deed restrictions apply to land currently within the ISFSI buffer area. .
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