From left, Judy Nail, son Ryan Nail and Nancy Bettesworth hug after Ryan entered the winning bid for the Priest Lake cabin that has been in their family for 50 years Thursday at the Coeur d'Alene Resort. The state of Idaho auctioned off long-leased cabin sites, many with cabins or houses on them, forcing the longtime cabin owners to buy the land under their rural vacation homes. Most lots ranged from $200K to $650K. (SR photo: Jesse Tinsley)
Nearly all of the 60 cabin owners whose Priest Lake cabin sites were auctioned by the state of Idaho on Thursday were able to purchase the properties at the appraised value, with no competitive bidding. For most, the auction provided relief after years of controversy about the appropriate rent the state would charge cabin owners. While the land under their cabins was owned by the state, they built and owned their cabins. There were tears of joy and high-fives from relieved cabin owners. There also was some continuing anger from those who resented the long process they’ve endured dealing with the state over their family cabin sites, and disputed the values the state set for the ground, which served as the minimum bidding price. That ranged from $200,000 to $665,000, for the land only. The take for Idaho’s public school endowment on Thursday: $26.9 million/Betsy Russell, Eye on Boise. More here.