FINALLY! Boise City looks to be getting out of the real estate speculation business.
After three days of endless presentations and debate, the City Council has decided as part of the 2008-09 budget process to sell what they hope will be $11 million worth of “surplus land.”
Auction sales will include a couple hundred acres near the Outlet Mall south of the airport and several block sized parcels in the area of Fairview & 25 and Fairview & 30th. Both locations were purchased by the previous council as “ideal locations” for a police headquarters. The latest ideal location is off Emerald near 5 Mile described in a city press release as being “centrally located in the western division” of the city.
The GUARDIAN is glad to see the land return to the tax rolls. It will be nice if they get the prices they want, but under current market conditions it may be unlikely.
We have concerns about some policy decisions about funding methods–like not going to the voters for multi-year capitol purchases, but it is good to see them finally sell off some real estate holdings.
Citizens can comment on the final budget proposals at an August 14 public hearing which is required by law.
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