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U.S. DEPARTMENT OF THE INTERIOR
BUREAU OF LAND MANAGEMENT NEWS RELEASE
Las Vegas Field Office
 
Release Date: 06/06/12
Contacts: Hillerie C. Patton , 702-515-51046 , hpatton@blm.gov

BLM Sells 480 acres in Henderson, netting $10.56 Million


The Bureau of Land Management (BLM) generated $10,560,000.00, on June 4, through the sale of 480 acres of public land in southeast Henderson, Nev. by modified competitive sealed bid sale. The high bidder, Silver State Land LLC, was the sole bidder on the parcel, which was sold under the authority of the Southern Nevada Public Land Management Act (SNPLMA).

Bidding started at fair market value of $10,560,000.00.  Silver State Land LLC and its representatives were the only bidders present, and their sealed-bid was the only sealed bid received containing the required 20 percent deposit of $2,112,000.  Silver State Land LLC has until December 3, 2012, which is 180 days from the date of the sale, to submit the remainder of the bid payment.

The BLM determined a modified competitive sale was appropriate to assure equitable distribution of land among purchasers or to recognize equitable considerations or public policies. A modified competitive sale designates a bidder that will have the right to meet the highest bid. The designated bidder for this sale was Silver State Land LLC. The City of Henderson requested the BLM to hold a modified competitive sale and to select Silver State Land LLC as the designated bidder. BLM published a Notice of Realty Action in the April 4 Federal Register opening public comments.

Funds generated through the sale of public land under SNPLMA are used for parks, trails and natural areas; capital improvements; conservation initiatives; purchase of environmentally sensitive lands; eastern Nevada landscape restoration projects, hazardous fuels reduction, multi-species habitat conservation projects, and projects. Additionally, 10 percent of the funds raised will go to the Southern Nevada Water Authority and five percent will go to the Nevada State General Education Fund.

For more information about modified-competitive sales please call Manuela Johnson, BLM Realty Specialist, at 702-515-5224 or email manuela_johnson@blm.gov.



The BLM manages more than 245 million acres of public land, the most of any Federal agency. This land, known as the National System of Public Lands, is primarily located in 12 Western states, including Alaska. The BLM also administers 700 million acres of sub-surface mineral estate throughout the nation. The BLM's mission is to manage and conserve the public lands for the use and enjoyment of present and future generations under our mandate of multiple-use and sustained yield. In Fiscal Year 2013, the BLM generated $4.7 billion in receipts from public lands.
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Las Vegas Field Office   4701 N. Torrey Pines Drive      Las Vegas, NV 89130  

Last updated: 06-06-2012