The camp’s longtime owner, renowned martial arts instructor George Dillman, said he sold the rustic hilltop camp in Deer Lake to Mike Madden, with closing to take place Thursday afternoon.
The purchase price was not disclosed.
Madden, a real estate developer, plans to preserve the buildings and memorabilia, according to Dillman, who said his son will manage a bed and breakfast and continue to run martial arts camps at the site.
A representative for Madden didn’t immediately return a phone call.
Ali who died last month, bought the wooded 5-acre tract in 1972 and installed 18 primarily log buildings, including a gym, a dining hall, a mosque, visitors cabins and a horse barn. He trained at Deer Lake until his last fight in 1981, using it to prepare for his major bouts against George Foreman and Joe Frazier.
Ali sold it in 1997 to Dillman, who trained Ali and once operated it as the Butterfly & Bee Bed and Breakfast.
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