State To Sell Off Cabins
Idaho officials have approved a plan to sell or trade away as many as 521 of the state-owned leased lakefront cabin sites. The Spokesman-Review reports that the Idaho Land Board approved the plan Tuesday. The cabin sites -- including more than 350 at Priest Lake -- are valued at $252 million, according to a consultant's report from December. Currently, the cabin owners lease the land their cabins sit on, paying 2.5 percent of the undeveloped land's value per year as rent. Under the state's plan, most of those lease holders will have three options: they can voluntarily participate in consolidated land exchanges, they can voluntarily participate in rolling auctions for sale of the lots, or they can continue to lease the land from the state.