- Associated Press - Thursday, May 22, 2014

KODIAK, Alaska (AP) - The first public auction of Kodiak Island Borough land in nearly a decade has brought in nearly twice what was expected.

The Kodiak Daily Mirror reports (https://is.gd/pir9kN) the weekend auction netted nearly $900,000 for the borough on eight residential-zoned lots.

Such offerings used to be common in the borough since statutes require periodic auctions of public land. However, all land being offered has to have road access.

Borough manager Bud Cassidy says the easy lots have been sold, and now they’re “nipping at the margins of the developed areas.”

Four lots were pulled from the most recent sale, with the goal to auction at least some of them off next year. Cassidy says the borough realizes there is “pent-up demand for land.”

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Information from: Kodiak (Alaska) Daily Mirror, https://www.kodiakdailymirror.com


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