According to the Bend Bulletin, a 382-acre parcel of land owned by the Department of State Lands will be sold off and used to build additional housing. Almost half of the property was included in the city’s expanded urban growth boundary in 2016. “I am thrilled,” said Mayor Sally Russell. “We need wins like this to help us move forward. We have some strong needs and high expectations to build the housing our community needs as quickly as possible. This decision today … really allows us to move forward with this parcel of land.”
The discussion about selling the land started to surface this year, partially because of a feeling that land in Bend is at the peak price in the real estate market, said Bill Ryan, the deputy director of the state department, in a meeting in October. The money from the eventual sale would go into the Common School Fund, which goes to support public schools across the state.
The Department of State Lands anticipates marketing the property beginning in January for three and six months, depending on market response, according to land board meeting materials. Once a buyer is identified, negotiation will begin.
Read More
