More competitive bidding, but current lessee outbids competitor
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.