A mysterious, wealthy buyer purchased $8.1 million worth of land in the small village of Beaver Cove, Maine, and the 130 residents of the town haven't stopped talking about their new ominous neighbor.

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A scaled-down development proposal for Moosehead Lake received approval from the Land Use Regulation Commission yesterday. Developer Hank McPherson got the go-ahead to build 17 waterfront lots and 14 ...