Word: eastmans
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Dates: during 1970-1979
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...site of this experiment is a new vacation community called Eastman, a 3,500-acre swath of forests, lakes and hills in southern New Hampshire. The property's actual owners-Dartmouth College, the Manchester Bank, United Life & Accident Insurance Co. and the Society for the Protection of New Hampshire Forests-searched for months to find somebody to resolve their almost contradictory requirements. They wanted Eastman to be a high-quality development that also would include some low-priced housing while conserving as much land as possible-and all to be sold at a profit. If anyone could deliver that...
...Hanslin took the idea one step further, grouping houses in "special interest" villages for golfers, sailors and horsemen. The result was New Seabury, perhaps the best-designed second-home community yet built in the Eastern U.S. From then on, Hanslin could pick his projects, and in 1969 he picked Eastman...
...owners a good return on their investment, but too high to preserve open space and forests. Hanslin got around the problem by grouping his sites in eleven petal-shaped villages that he calls, a bit cutely, "special places." More important, he requires every buyer to deed back to Eastman from 10% to 50% of his land (depending on "what creates the most advantageous site") as permanent open space. In this way, almost 30% of the land will be preserved. It is one of the best conservation ideas since cluster planning; it also sells as easily as, well, butter-pecan...
Polaroid's big boost came from, of all sources, Eastman Kodak. The giant of Rochester announced that it no longer intends to cut into Polaroid's highly profitable film sales by bringing out its own instant film for old-style Polaroid cameras-presumably because Kodak officials are convinced that the new SX-70 will quickly take over the instant market. Instead Kodak will concentrate on producing an entire camera-and-film system comparable to Polaroid's new product, a project likely to take at least a couple of years. As for its own new cameras, the pocket...
...Corp. quintupled its earnings, to $31.9 million, its biggest third-quarter jump in twelve years; St. Regis Paper Co. profits were up 153%, to $10.6 million; and National Steel Corp.'s grew 272%, to $15.2 million. Other big corporations showing earnings advances of more than 20%: International Paper, Eastman Kodak, AT&T and RCA. In stark contrast, General Motors reported a 41% profit drop, largely caused by start-up costs for redesigning 1973 models...