News

Idaho Stimson site worth $13.25M

August 28, 2008 /

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Bear Paw Development Corporation is a private non-profit organization created for the purpose of administering programs to help improve regional economic conditions in Hill, Blaine, Liberty, Chouteau and Phillips Counties and the Fort Belknap and Rocky Boy's Indian Reservations.

There is no longer any question about the value of the piece of property that would anchor a higher education corridor in downtown Coeur d’Alene.

The market value of Stimson Lumber Company’s DeArmond mill site property is $13,250,000.

A long-awaited appraisal of the 17-acre parcel was made public at Wednesday’s meeting of the North Idaho College board of trustees by college president Priscilla Bell.

"It was a complex appraisal to complete," said trustee Mic Armon.

By MAUREEN DOLAN
Staff writer

Full Story: http://www.cdapress.com/articles/2008/08/28/news/news02.txt

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