BLM Logo
U.S. DEPARTMENT OF THE INTERIOR
BUREAU OF LAND MANAGEMENT NEWS RELEASE
Southern Nevada District
 
Release Date: 01/16/14
Contacts: Hillerie C. Patton , 702-515-5046 , hpatton@blm.gov

BLM sells 160 acres netting $23.84 million for projects in Nevada


Las Vegas --The Bureau of Land Management (BLM) today sold 160 acres in 24 parcels for $23,840,000 during a competitive-public-land sale. The agency offered 440 acres, in 28 parcels, under the Southern Nevada Public Land Management Act (SNPLMA).

The parcels offered for sale varied in size from 2.5 acres to 250 acres. The 28 parcels offered appraised at a fair market value (FMV) of $25,283,000. The largest parcel to receive a bid, 20 acres, sold for $2.1 million at FMV. Four parcels, including the 250-acre largest parcel, received no bids.

BLM Number             Size (Acres)     Appraised Value ($)                Sale Price ($)
N-78190                      2.50                 $490,000                                 $660,000
N-91783                      5.00                $830,000                                 $830,000
N-91794                      10.00               $1,050,000                              $1,050,000
N-91795                      3.75                $300,000                                 $370,000
N-81899                      2.50                $200,000                                  $200,000
N-91796                      10.00              $1,050,000                               $1,050,000
N-91797                      17.50              $1,840,000                               $1,950,000
N-91786                      10.00              $1,100,000                              $2,100,000
N-91806                      2.50                 $465,000                                 $650,000
N-91807                      20.00              $2,100,000                              $2,100,000
N-91808                      7.50                $790,000                                  $1,050,000
N-91787                      2.50                $200,000                                  $330,000
N-91809                      5.00                $525,000                                 $525,000
N-91788                      2.50                $225,000                                 $225,000
N-91789                      5.00                 $815,000                                 $1,300,000
N-91810                      10.00              $1,050,000                              $1,050,000
N-91812                      12.50              $1,310,000                               No Bids
N-91782                      2.08                $108,000                                  $210,000
N-91815                      3.15                $135,000                                  $205,000
N-79534                      16.25              $1,415,000                              $2,400,000
N-91790                      2.50                $250,000                                  $730,000
N-91791                      5.00                $600,000                                 $1,250,000
N-91793                      7.50                 $750,000                                $2,200,000
N-91792                      2.50                $290,000                                  $335,000
N-91827                      2.50                $235,000                                 No Bids
N-91844                      5.00                 $1,070,000                             $1,070,000
N-91842                      17.50              $3,500,000                               No Bids
N-91124                      247.59            $2,590,000                               No Bids

Total Acres Available           Total Appraised Value         Total Sale Price
440.32                                    $25,283,000                            $25,283,000                                       

Total Acres Sold                    Total Appraised Value         Full Purchase Price   
160.23                                    $17,648,000                             $23,840,000

The successful bidders are required to pay 20 percent of the bid by 3:00 p.m. on the day of the sale. The remainder of the bid is due within 180 days.

In accordance with the SNPLMA, monies generated from the sale of public land may be used for specific purposes including parks, trails, and natural areas; capital improvements, conservation initiatives; and for the purchase of environmentally sensitive lands. Additionally, 10 percent of the funds will go to the Southern Nevada Water Authority, and five percent will go to the Nevada State General Education Fund.


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.
--BLM--

Southern Nevada District   4701 N. Torrey Pines Drive      Las Vegas, NV 89130  

Last updated: 01-17-2014