The development of Niboban Sporting Camps will be divided into 2 phases. Phase 1 will consist of converting the ownership structure to a condominium under Maine Law and subdividing the parcel. We will then sell the existing 9 cabins and place the 45 acres of land into common association ownership. Phase 2 will begin as the last of the existing cabins are sold, building up to 19 new cabins of slightly larger size, maintaining the visual integrity of the existing property. The new construction should be completed within 3 years.