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Millionaire Hideaways

Alison Jenner, The Peak, February 2005, pgs 95-99

Islands. The mere mention of the word conjures up images of a warm sea breeze, sapphire-blue seas, and most importantly, tranquility. There are many reasons why people flock to the Maldives or some other se­cluded beach-front resort, but common among them is escaping the madness of modern society.

You may own a sprawling 8,000sqft mansion on the Peak, a private jet that will take you to your summer home in the Caribbean and a Rolls-Royce that allows you to travel in comfort and style.

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Investing in Your Future

The Real Estate Guide, Susan M. Boyce, February 11-25, 2005, pg 12

Don’t wait to buy land, buy land and wait. After more than three decades of successfully buying and selling recreational properties, that’s still the advice Rudy Nielsen, president of NIHO Land & Cattle Company, gives anyone who is considering land as an investment.

Successful Investing Takes Guts and Planning

The first step in buying recreational property,

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Strange but true: Man about town

Pulse24.com – January  31, 2005

It’s quiet. Too quiet. But now it’s up to a Virginia property developer to bring in the noise. The silent item is actually an abandoned British Columbia mining town that comes with a library, pub and hospital. The developer, who wasn’t identified, snatched all that up for under $7 million. Now he owns all of Kitsault, which is about 500 miles northwest of Vancouver, according to the town’s marketing agent.

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Canadian ghost town sold

Stuff.co.nz – January 27. 2005

VANCOUVER: An abandoned, but well-maintained, British Columbia mining town, complete with library, pub and hospital, has been sold to an unidentified Virginia property developer who must now decide what he wants to do with it.

The buyer paid less than $C7 million for Kitsault, located on a fjord near the Alaska Panhandle about 800 km northwest of Vancouver, the town’s marketing agent said on Tuesday.

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New life for ghost town

Daniel Girard, Toronto Star, January 26, 2005

VANCOUVER—It’s a ghost town being brought back to life.

Kitsault, a deserted mining community in a spectacular part of northwestern British Columbia, has been sold, complete with about 130 hectares of land, 92 homes, seven apartment buildings, two recreation centres, a shopping mall and a hospital.

“It’s exciting to know that the lights are going to come on again,”

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US developers hope to revive B.C. ghost town

Bruce Constantineau, Vancouver Sun, January 25, 2005

The B.C. ghost town of Kitsault has been sold to U.S. developers who are now considering its possible reincarnation as a destination resort, a university town, or even a movie studio centre.

Virginia developer Shawn Weingast and partner Krishan Suthanthiran paid less than the $7-million asking price for the intact former mining community along Alice Arm on the remote northern coast.

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Ghost Town Sold for 3 Million Pounds!

The Hindustan Times, Reuters, January 26, 2005

An abandoned, but well-maintained, British Columbia mining town, complete with library, pub and hospital, has been sold to an unidentified Virginia property developer who must now decide what he wants to do with it.

The buyer paid less than C$7 million (3.03 million pounds) for Kitsault, located on a fjord near the Alaska Panhandle about 500 miles (800 km) northwest of Vancouver,

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B.C.’s Ghost Town Has a New Owner

Lena Sin, Vancouver Province– January 26,  2005

It made international headlines in September — a pristine northern B.C. town for sale: Kitsault, yours for $7 million.

It was the kind of advertising money couldn’t buy — and it worked.

The headline caught the eye of U.S.-based property developer Krishnan Suthanthiran, who was in Halifax when he heard the ghost town was for sale, complete with an Olympic-sized swimming pool,

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Un village britanno-colombien vendu aux Americains

Radio-Canada- Jan 25, 2005

Le village de Kitsault, situé dans le nord de la Colombie-Britannique, appartient depuis la fin de décembre à une entreprise dirigée par des investisseurs de Virginie.

Le village, qui abrite 92 maisons et 7 édifices de logements, longe la mer sur 2 kilomètres au nord de Prince Rupert. Il a été abandonné en 1982, quand la mine de molybdène de la société Climax a fermé ses portes.

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Ghost Town Sold in Canada

l’express.mu – January 25, 2005

An abandoned, but well-maintained, British Columbia mining town, complete with library, pub and hospital, has been sold to an unidentified Virginia property developer who must now decide what he wants to do with it.

The buyer paid less than C$7 million (3.03 million pounds) for Kitsault, located on a fjord near the Alaska Panhandle about 800 km northwest of Vancouver, the town’s marketing agent said on Tuesday.

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