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Eye On Boise

Thu., Aug. 28, 2014, 5:11 p.m.

More competitive bidding, but current lessee outbids competitor

Competitive bidding at Priest Lake auction on Thursday (Betsy Russell)
Competitive bidding at Priest Lake auction on Thursday (Betsy Russell)

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 lessees. The outcome drew cheers and applause; the lessees said they had no idea who was bidding against them. Relieved, they headed to a back room to sign contracts. So far, others are again selling for their appraised values to the current lessees.




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Betsy Z. Russell
Betsy Z. Russell joined The Spokesman-Review in 1991. She currently is a reporter in the Boise Bureau covering Idaho state government and politics, and other news from Idaho's state capital.

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