Tracking code caldwell guardian

Wednesday, July 4, 2012

Land Board Sweetheart Leases Unconstitutional

Supremes Say Cottage Lease Law Unconstitutional

In a ruling released Friday the Idaho Supreme Court eliminated the “home field advantage” for cottage leaseholders on state land at Payette and Priest Lakes.

We have to hand it to Attorney General Lawrence Wasden for suing his fellow land board members over the issue–a 1990 law giving current lessees priority for lease renewals. He contended the law was being used to circumvent the Idaho Constitution’s requirement to generate the maximum return for endowment beneficiaries. Wasden’s office said public schools will benefit because auctions will generate more income.

There was a huge outcry 20 plus years ago when all “those Californians” started bidding on cottage sites owned by the state. The out of staters had plenty of cash and were willing to outbid the old-time Idaho families who had build cottages on the state land they leased for very good rates.

Wasden uses the same basic argument–maximum return on investment–when it comes to the state going into business ventures normally conducted by the private sector. The BOISE GUARDIAN has opposed some real estate deals–notably the Affordable Storage venture in Boise and tenant improvements on a new brew pub downtown. Our research indicates these business deals don’t always increase the return on investment for the endowment funds (most go to education) and depending on how the books are cooked actually show a loss.

No comments:

Post a Comment

A public discourse on the issues of the day makes the world a better place.

We welcome comments but they will be moderated and edited if too long or do not have anything to do with the post.
Agree or disagree just do it without profanity or it won't get posted. Try to keep your comments to no more than 300 words. Too long and I will try to edit it down or simply delete the comment. The whole idea is to get people to read your comment. Don't use 10 words when one will do the job.

It's OK to have a difference of opinion but keep it civil. I have used the "delete" feature on myself at times.

The ANONYMOUS feature for comments seems to be the most user friendly. People have commented they have difficulty with the other methods of posting comments.