The City’s Pulse Newsletter ![imgp3240](https://opencda.com/wp-content/uploads/2008/04/imgp3240-300x225.jpg)
By Mary Souza, April 10, 2008
It could cost $100 million or more for a decision made by a handful of people in a back room. And apparently they don’t have to make it public, even though the taxpayers will be footing the bill.
North Idaho College is negotiating right now to find the first $10 million dollars in order to buy the Stimson Mill (light teal on the map) from developer Marshall Chesrown. It’s a 17 acre property, so that equates to…get ready…$588,200 per acre. That’s about 4 times more costly than other land in the area. Plus, the mill site is right next to the city’s Wastewater Treatment Plant (in yellow on the map), with only partial river frontage.
On the other hand, the City of CdA has been allowing the University of Idaho to lease the Harbor Center (the old Osprey Restaurant building–in red on the map) for $10, yes ten dollars, per year since 2002. The city is offering to let U of I purchase the building and surrounding land for a total of $1.3 million. That’s quite a deal by comparison.