BOISE - Idaho’s state Land Board has voted to offer all remaining lessees of state-owned lake cabin sites an opportunity to bid on the ground under their cabins at auction by the end of 2019.
The state is in the process of a multi-year change in the land mix in its state endowment, including getting out of commercial property in Idaho and auctioning off many of the cabin sites, on which cabin owners build and own their cabins. So far, the state has auctioned off 189 cabin sites since 2011: 102 at Priest Lake and 87 at Payette Lake.
The board also voted 5-0 to sell 11 commercial properties in Boise, three in Idaho Falls and one in Heyburn worth about $25 million. Consultants told the state it’s a good time to sell in the current market; proceeds benefit the endowment, which largely goes to public schools.
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