NIC To Pay Off Mill Site 22 Months Early

Item: NIC to make mill site payoff: Trustees vote to make $4.1 million payment 22 months early /Maureen Dolan, Coeur d’Alene Press

More Info: Increased revenue from the surge in enrollment at North Idaho College has made it possible for trustees to complete the purchase of the former DeArmond mill site property 22 months ahead of schedule. At their regular meeting Wednesday, trustees agreed by vote to revise the college’s budget for this year, and use a combination of “budgeted and un-budgeted” fund balances to pay the $4.1 million balance due on the college’s lease agreement with the North Idaho College Foundation.

Question: Anyone still think the purchase of the mill property by NIC was a bad idea?