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.

Kevin Richert

About Kevin Richert

Senior reporter and blogger Kevin Richert specializes in education politics and education policy. He has more than 30 years of experience in Idaho journalism. He is a frequent guest on KIVI 6 On Your Side; "Idaho Reports" on Idaho Public Television; and "Idaho Matters" on Boise State Public Radio. Follow Kevin on Twitter: @KevinRichert. He can be reached at [email protected]

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