The sale of the 36,600-acre Whitney Park estate in the Adirondacks to Texas developer Todd Interests has failed after six months. The $125 million deal collapsed due to restrictions preventing state ownership of any of the land.
The Adirondack Explorer reports a final compromise—a 200-year lease of 32,000 acres to the state—was proposed to bypass the estate terms of the late John Hendrickson, who had opposed state ownership due to poor stewardship of a previous land sale (citing the eradication of native trout from Little Tupper Lake). However, according to Todd Interests, Gov. Kathy Hochul’s administration rejected the lease option.