Comments on: Idaho Dept. Of Lands Posts Loss On Commercial Ventures

By: dog

dog — Mon, 09 Jan 2012 19:27:04 +0000

I bet management of State commercial properties is in the hands of the private sector. They are out to make a buck. Can’t really blame them. Republicans want to privatize everything so get used to it. Awarding management contracts at taxpayer expense is a great way to support your political base and friends. Government needs to be OUT of the commercial business, business.
My wife spends a geat deal of time training government contractors and she can’t back bill the contractors for her tax payer funded time. It is never ending.
Remind you of no-bid security contracts in Iraq? It’s only socialisim if the money isn’t going into your crony’s pocket

By: Murphy

Murphy — Sat, 07 Jan 2012 21:29:14 +0000

Annual lease & expenses can be found on the IDL web site. Direct lease income from all sources has declined -18.6% over past 5 years. Mostly attributed to reduction in timber income.

Gross revenue from cabin sites has increased 47.5% over past 5 years. Net income from cabin sites, after direct and overhead expenses has increased 45.5% over same period.

Commercial revenue has increased 20.2% over same period. Commercial direct expense has increased 141.0% and overhead expenses increased 176.7% over 5 years.

Maybe its time the Land Board stops the rubber stamping of IDL’s poor recomendations and return to basics. A quick U-turn is required.

By: Paul

Paul — Sat, 07 Jan 2012 18:46:58 +0000

The whole concept of government ownership of commercial property flies in the face of every business owner who has put his life savings into a business. Government excuses itself from paying taxes and other overhead issues and it is just wrong.

Idaho Land Board has already done the markup of legislation to allow them with impunity to invest in commercial concerns. IT will be introduced in the next legislative session for consideration and approval.

By: Murphy

Murphy — Sat, 07 Jan 2012 02:42:42 +0000

The negative net income, cash flow from commercial properties should be verification that IDL should not own improved commercial properties. IDL staff wishes the Land Board to approve additional commercial property purchases. Negative cash flow does not increase school funding or benefit the school children. State owned properties pay no property tax towards local schools or local governments. One must question the competency of IDL management. Any property manager in the private sector would be immediately terminated for the negative returns from property with no debt service or property tax payments.

By: chicago sam

chicago sam — Sat, 07 Jan 2012 02:24:14 +0000

Mr. Gunstream from Nampa could probably do a better job managing the commercial portion–after he gets done with his lawsuits. Might even negotiate a contract where he would pay for his own commute