Endowment watch: Cabin site auction delayed

The state’s plans to auction off three undeveloped cabin sites on Priest Lake are on hold.

Instead, the trial auctions may occur next year, Betsy Russell of the Spokane Spokesman-Review reported Tuesday.

The auctions had been planned for August or September. As the state looks to sell off or trade off the North Idaho cabin sites — lands that benefit the state’s endowment — the three auctions are designed to give the state a better sense of the market value of the empty lots.

Proceeds from the endowment lands, and their possible sale, go to a variety of beneficiaries. The public schools endowment reaps about two-thirds of the money; in 2012-13, K-12 received nearly $31.3 million.

Republish this article on your website