Goldbelt owns approximately 30,000 acres of land in and around Hobart Bay which is located on the mainland about 70 miles south of Juneau. The lands were extensively logged in the 1970’s and 1980’s by a variety of logging contractors including helicopter logging. The clear cut areas are now supporting substantial regrowth of young trees to the extent that we are beginning serious efforts to do commercial thinning of the regrowth that will promote better wildlife habitat and a healthier forest.
As a result of a “head tax” on cruise ship passengers and coupled with a dramatic decline in the world economy, Goldbelt’s plans to work with a cruise line company to develop Hobart Bay as a world class cruise destination have been shelved. There was some interest in continuing the project by another entity, but we probably will not see any movement prior to improvement of the economy. In the meantime, the lands and roads are maintained by a caretaker who lives in Hobart Bay year around.