After seeing about 400 residents sign up for the public hearing on a proposed land swap that would plant up to 400 houses on proposed park land in SW Boise, we checked some official land value records.
Boise City is proposing to swap 160 acres of irrigated farm land previously designated as a future park for 500 acres of Foothills open space.
The Ada County Assessor’s office shows the median value of irrigated farm land at $1252 per acre. Dry grazing land in the foothills has a median value of $66. That means a “fair trade” would mandate nearly 20 acres of foothills land for each acre of irrigated crop land…about 3200 acres.
Our past experience observing how Boise City trades and gets appraisals leans to some convoluted trade deals and questionable transactions.
UPDATE 6/23/21 Harris Ranch family identified as the developer by BOISEDEV.
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