STOCK TITAN

PotlatchDeltic Announces Temporary Closure of Public Access in Idaho

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Negative)
Tags
Rhea-AI Summary

PotlatchDeltic Corporation (Nasdaq: PCH) has announced an immediate suspension of public access to its Idaho timberlands due to severe fire danger. This measure, in effect until further notice, is aimed at ensuring public safety and protecting wildlife during extreme fire conditions. All public use, including roads and campsites, is prohibited, with vacating of leased campsites required by August 1, 2021. This decision aligns with the Idaho Department of Fish and Game’s Large Tracts Program, and similar actions have been taken by other landowners in the area.

Positive
  • None.
Negative
  • Public access suspension to timberlands could limit recreational opportunities and associated revenue.
  • Leased campsites must be vacated by August 1, 2021, potentially impacting local tourism and business.

PotlatchDeltic Corporation (Nasdaq: PCH) today announced changes to public access to its Idaho timberlands. Due to severe fire danger in the region, effective immediately and until further notice, all public use of PotlatchDeltic privately-owned timberlands for recreation is suspended. The extreme fire season and continued dry conditions in Idaho are stressing available firefighting resources and risking public safety, property, and impacting wildlife. As a result, PotlatchDeltic has taken the unusual step of closing public access to its ownership areas, including the use of PotlatchDeltic roads and walk-in access. Leased campsites must be vacated before August 1, 2021. The temporary closure is permitted under the access terms in the Idaho Department of Fish and Game’s Large Tracts Program. Several other area landowners who participate in the Program have also recently suspended access due to the excessive fire danger. PotlatchDeltic continues to believe that managing our lands and allowing others to enjoy them are not mutually exclusive and that the majority of our lands should be available to the public for a wide range of uses. We look forward to removing the Idaho closure once fire conditions have abated. PotlatchDeltic urges all visitors to Idaho’s forests to exercise extreme caution in regards to fire while recreating this summer. Additional information can be found on our Idaho recreation website.

About PotlatchDeltic

PotlatchDeltic (Nasdaq: PCH) is a leading Real Estate Investment Trust (REIT) that owns approximately 1.8 million acres of timberlands in Alabama, Arkansas, Idaho, Louisiana, Minnesota and Mississippi. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development business and a rural timberland sales program. PotlatchDeltic, a leader in sustainable forest practices, is committed to environmental and social responsibility and to responsible governance. More information can be found at www.potlatchdeltic.com.

FAQ

What caused PotlatchDeltic to suspend public access to its Idaho timberlands?

The suspension is due to severe fire danger in the region, which poses risks to public safety.

When will PotlatchDeltic's Idaho timberlands reopen to the public?

The reopening will depend on improved fire conditions, with no specific date provided.

Are there any restrictions for leased campsites in Idaho?

Yes, all leased campsites must be vacated by August 1, 2021.

What public areas are affected by PotlatchDeltic's access suspension?

The suspension affects all public use of PotlatchDeltic's privately-owned timberlands, including roads and walk-in access.

PotlatchDeltic Corporation

NASDAQ:PCH

PCH Rankings

PCH Latest News

PCH Stock Data

3.36B
76.78M
2.44%
89.89%
1.61%
REIT - Specialty
Paper Mills
Link
United States of America
SPOKANE