BLM public land sale in Las Vegas Valley nets over $68 million
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WASHINGTON – The Bureau of Land Management sold 13 public parcels totaling 108 acres in the Las Vegas Valley for $68,654,000 during a competitive online sale through the Southern Nevada Public Land Management Act.
“This successful land sale underscores the BLM’s commitment to responsible stewardship of public lands and supporting local communities, including helping to ease housing pressures in the Las Vegas Valley,” said BLM Acting Director Bill Groffy. “By generating nearly $16 million above fair market value, we can invest in parks, trails and other projects that enhances the quality of life for Nevadans, all while continuing to be good stewards of public lands.”
The Southern Nevada Public Land Management Act allows the BLM to sell public lands within a congressionally designated boundary in the Las Vegas Valley. In accordance with the act, 85% of funds generated by this sale will go to projects throughout Nevada, such as the development of parks, trails, and natural areas, capital improvements on federal lands, acquisition of environmentally sensitive land, hazardous fuels reduction, and landscape restoration projects. Additionally, 5% of the revenue will go to the State of Nevada for education and 10% will go to the Southern Nevada Water Authority.
Additional information about the sale, including sale prices and maps, are available at Efficient Markets.
The BLM manages about 245 million acres of public land located primarily in 12 western states, including Alaska, on behalf of the American people. The BLM also administers 700 million acres of sub-surface mineral estate throughout the nation. Our mission is to sustain the health, diversity, and productivity of America’s public lands for the use and enjoyment of present and future generations.