A 50-50 split good answer for land sale

 

November 22, 2023



Often, the best decisions are a compromise. Which is exactly what borough staff is proposing for the sale of 20 lots next year at the Alder Top Village (Keishangita.’aan) subdivision at the site of the former Wrangell Institute boarding school.

Selling the residential lots to the highest bidders would earn the most for the municipal treasury, which would help taxpayers. But it could shut out potential buyers who can’t keep up if the auction drives prices beyond their budget.

Selling the parcels at a fixed price by lottery would give everyone the same odds of winning one of the coveted b...



For access to this article please sign in or subscribe.

 

Reader Comments(0)

 
 

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2024

Rendered 02/23/2024 16:46