Idaho to Auction Off Lake Front Properties
BOISE, Idaho (AP) — The Department of Lands aims to auction 90 or more of its lakefront cabin sites in central and northern Idaho in 2014, part of its plan to divest itself of the lucrative but difficult-to-manage assets.
The State Board of Land Commissioners Tuesday approved holding voluntary auctions of 74 cottage sites at Priest Lake and 21 cottages at Payette Lake. The Department of Land, which manages more than 500 of these cabin sites on the two lakes, had tried to dispose of the property through a land exchange earlier this year.
But the Land Board, which includes Gov. C.L. "Butch" Otter, rejected that move. As a consequence, this auction is slated for late February or early March. The auctions will include just land. Successful bidders must pay market price for cabins.