Trillhaase: Cheap Vacation Homes

Say you had an investment portfolio worth about $252 million. An investment broker offers you a return of 1.7 percent. Would you take it? Hardly. You could do better with a savings account. So why is the state of Idaho satisfied with such meager results? Idaho owns about 157 cottage sites at Payette Lake, including 62 waterfront lots, and 354 lots at Priest Lake. Each year, the people leasing those sites pay $4.3 million. As land values have fluctuated, lease payments at Payette Lake have been frozen for three years. At Priest Lake, they’ve been frozen for two years. Doing that has deprived the state of another $2 million/ Marty Trillhaase , Lewiston Tribune. More here .

Question: Should the state of Idaho recoup millions of dollars more by raising the lease rates on cottage sites at Payette Lake and Priest Lake?