That's great news. Isn't this what a portion of the trail permits was supposed to go towards since the time they increased the price up to around $45/50? I thought that was a selling point behind that increase - that a good chunk of that would be used to purchase permanent easements. If I remember right, the MI governor held up the usage of those funds (this was a while back). I don't know if that was ever resolved.
Edit - I didn't read carefully enough - it says right in there it was purchased using funds from the Michigan Permanent Snowmobile Easement Fund.