In our never ending quest to provide factual information on public issues, the GUARDIAN has posted the following flood plain map from the Corps. of Engineers as it relates to the Bob Rice purchase at White Water and Main in Boise.
Since the College of Western Idaho has agreed to an appraisal of the 10 acre parcel, we have had several experts notify us about recent comparison appraisals. For instance, Ada County Highway District had an appraisal that came back at $12 a square foot for a small piece of the land in question. Another appraisal was done across Main for a single acre that was about $14 per square foot.
The 10 acre parcel in theory should be worth less than the smaller parcels and with the extra expense of dealing with the flood issue, the nearly $20 per square foot price CWI has agreed to pay would appear to be excessive.
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