The first auction of state-owned cabin sites at Priest Lake has wrapped up, with 59 of the 60 lots sold, no current lessees being involuntarily outbid for their cabins, and the state’s public school endowment fund earning $26,903,812. The crowd here at the Coeur d’Alene…
The auction's back on, and so far, all lots in the final batch at the Priest Lake cabin site auction have been selling for the appraised value to the current lessees. As before, applause and cheers from the crowd are greeting every "Sold" announcement from…
All but one of the 15 Priest Lake cabin sites in the third batch have sold for their appraised value; the one exception was the one where competitive bidding pushed the price up $9,000 above the appraisal, but the current lessee ended up the high…
The third batch of Priest Lake cabin sites is up now, and the third one, appraised at $630,000 for the lot and $177,600 for the cabin, drew competitive bidding. It went back and forth, finally selling for $639,000 – to the cabin owners, the current…
By my calculations, the state's public school endowment has made $13,736,604 so far today from the auction of Priest Lake cabin sites. That's including the 14 lots that just came up for auction - all but one of which sold, while the one that attracted…
The first competitive bidding of today’s Priest Lake cabin site auction just happened, with a lot appraised at $361,604 the subject of hotly contested bidding between two determined bidders, finally selling for $485,000. There was no applause after this one; just some murmuring. That cabin…
And the auction is back on, as sixty state cabin sites on Priest Lake are put on the auction block today at the Coeur d’Alene Resort. The first one in the second batch, a $650,000 lot with a cabin on it valued at $582,800, has,…
An interim legislative committee kicked off a series of meetings today to look at how Idaho’s $1.7 billion state endowment is invested; it now generates more than $31 million a year for public schools from earnings both on state lands and investments of the cash…
By my calculations, the state's public school endowment has made $7,555,000 so far today at the auction of Priest Lake cabin sites. That's the amount that's been bid just for the land; the successful bidders were all the current lessees, so they already own the…
Denny Christenson, president of the Priest Lake State Lessees Association, has been watching today’s public auction of 60 state-owned lakefront cabin sites with interest. “We’re in the 5 o’clock session,” he said. “I’m encouraged.” When the first batch all went for appraised value, he said,…
Sixteen of the sixty Priest Lake cabin sites on the auction block today have now sold for their appraised value to the existing lessees, with no one bidding against them. There’s a lot of relief in the big ballroom, where, during the break before the…
The first dozen-plus Priest Lake cabin sites to be auctioned today all have sold for the appraised value to the existing lessee, with no one else bidding. Each time, when the auctioneer, Kent Corbett, declared, “Sold!,” the crowd, which now includes lots of people standing…
The first cabin site to come up for auction, on Cavanaugh Bay Road in Coolin, was appraised at $430,000. A bid was entered for that amount – and though the auctioneer repeatedly asked for a bid of $435,000, and then for $431,000, no one else…
There are close to 250 people gathered in a ballroom at the Coeur d'Alene Resort now for the Priest Lake cabin-site auction, and state Lands Department deputy director Patrick Hodges says the number of sites on the auction block has jumped back up to 60,…
People are filtering in to the Coeur d’Alene Resort ballroom where today’s auction of 59 cabin sites at Priest Lake is set to kick off at 1 p.m. Pacific time. Steven Hubbs, 68, who’s here to bid for the ground under the lakefront cabin he’s…
Two years in, it’s time to scrap the state’s $3 million-a-year technology pilot project program in schools, a subcommittee of the State Board of Education has decided. “They felt like the pilot phase had been useful,” state board spokeswoman Marilyn Whitney said, “but it was…
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