who owns oak island
Oak Island in Nova Scotia is privately owned, and today most of it is controlled by a small investment group often referred to as the Michigan Group , led by brothers Rick and Marty Lagina along with a few partners.
Who Actually Owns Oak Island?
Most of Oak Island is not public land; it is divided into private lots owned by different parties. Over the last two decades, a controlling share of these lots has been consolidated by:
- The Michigan Group, which includes Rick and Marty Lagina and partners such as Craig Tester and Alan Kostrzewa.
- Their ownership is primarily held through Oak Island Tours Inc., the company that controls most of the island and manages tours and filming access.
Role of Oak Island Tours Inc.
Oak Island Tours Inc. is the corporate vehicle that owns and manages the majority of Oak Island’s properties.
- In 2006, Rick and Marty Lagina bought a major stake in Oak Island Tours Inc., gaining a controlling interest in the island.
- Historically, this stake was shared with longtime treasure hunter Dan Blankenship, who retained the remaining ownership share at the time of that deal.
Current “Michigan Group” Control
Recent commentary and updates describe most of the island as being controlled by the Michigan Group.
- The Michigan Group consists of Rick and Marty Lagina, Craig Tester, Alan Kostrzewa, and a small circle of associated investors.
- They hold or control most lots on the island, while a few parcels remain in the hands of other private owners.
Connection to The Curse of Oak Island
The ownership structure is closely linked to the popular TV show The Curse of Oak Island.
- The Lagina brothers’ controlling interest in Oak Island Tours Inc. enabled History Channel to film the long-running treasure-hunting series on the island.
- Tourism revenue and the show’s production support the ongoing excavations and site management.
Quick Scoop (TL;DR)
- Oak Island is privately owned in Nova Scotia, Canada.
- Most of the island is owned/controlled by the Michigan Group , led by Rick and Marty Lagina and partners, mainly via Oak Island Tours Inc.
- A few remaining lots are still held by other private owners, but operational control of the famous “Money Pit” and key sites lies with the Michigan Group.
Information gathered from public forums or data available on the internet and portrayed here.