- Associated Press - Friday, December 18, 2015

SALEM, Ore. (AP) - Four dozen entities have expressed formal interest in purchasing the Elliott State Forest near Coos Bay.

The Statesman Journal reports (http://goo.gl/1BNhbw ) that prospective buyers of the 84,000-acre property include timber companies, conservation groups, local governments as well as several individuals. They have until November 2016 to submit an ownership plan.

The forest was designated in 1930 to provide funding for the State School Fund, but has recently lost money with the drop in timber harvests.

The property has not yet had an official appraisal, but is likely valued at up to $400 million.

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Information from: Statesman Journal, http://www.statesmanjournal.com

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