The Trust for Public Land is hoping to acquire the 14 acres which include Stanley Selengut’s Maho Bay Camps.
A director of the trust told St. John Rotary the lease for Maho Bay expires in 2012 and the land owner, Geri-Geri Corp., has it listed for sale "for a healthy price," according to the St. John Source. Greg Chelius said the Trust plans to meet with the owner’s attorneys in New York next month.
Earlier this year, the Trust made a $19 million deal for Park acreage inland. Chelius told Rotary how his group got a foothold in the 419-acre parcel.
One of the heirs had been presumed dead because he’d not been heard from for years. The trust hired a private investigator who, in fact, found the heir, Joey Adler, living in a Veterans Affairs facility in California. He received $1 million and is now more comfortable, and the Trust had the land which let it negotiate with other heirs.