• Report: #5171

Complaint Review: Duke Power/ Cresent Land and Timber

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  • Submitted: Wed, May 16, 2001
  • Updated: Wed, May 16, 2001

  • Reported By:seneca sc
Duke Power/ Cresent Land and Timber
Charlotte, N.C. U.S.A.

Duke Power Cresent Land & Timber in the carolinas ripped off hundreds of people

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In the 1960s the Duke Power Company bought land from local farmers to create a lake and a nuclear power facility. More land was purchased than was needed.Today Cresent Land and Timber owns thousands of acres of lakefront property.(notice duke does not own the land because by law a utility can not profit by land development). Who do you think owns Cresent land and timber? You guessed it! Now this company is selling land for hundreds of thousands of dollars per acre that many of the farmers sold for as little as $500.I feel the land should be sold back to the farmers at $500 an acre.

This report was posted on Ripoff Report on 05/16/2001 12:00 AM and is a permanent record located here: http://www.ripoffreport.com/r/Duke-Power-Cresent-Land-and-Timber/Charlotte-NC/Duke-Power-Cresent-Land-Timber-in-the-carolinas-ripped-off-hundreds-of-people-5171. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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