Land sale generates more than $93 million for projects
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LAS VEGAS -- The Bureau of Land Management conducted a competitive online sale yesterday, offering 16 parcels of public land in the Las Vegas Valley for sale, totaling 670.155 acres. Nine parcels totaling 589.53 acres sold generating $93,141,000. The sale of this public land within a congressionally-designated disposal boundary will generate funding to enhance recreation opportunities, promote species and habitat conservation and reduce the threat of wildfire in locations across the state.
The Southern Nevada Public Land Management Act of 1998 allows the BLM to sell public land within a specific boundary within the Las Vegas Valley. In accordance with the law, 85 percent of the funds generated from the sale will fund projects such as 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 percent of the revenue will go to the State of Nevada General Education Fund and 10 percent will go to the Southern Nevada Water Authority.
The sale offered parcels located throughout the Las Vegas Valley that ranged from two to 505 acres in size. Local governments nominated the parcels for sale, often after interested parties expressed interest in purchasing them. BLM removed a 225-acre parcel from the sale, due to an appraisal issue. This parcel will be included in a future sale.
Successful bidders from this sale included:
|
Location |
Size |
Fair Market Value |
Purchase Price |
Successful Bidder |
Parcel Number |
|
SW corner of Kyle Canyon Rd and Rimrock St |
17.25 Acres |
$8,277,000 |
$8,277,000 |
Lawrence Canarelli |
N-100494 |
|
Kyle Canyon Road/N Sky Pointe Dr head N on Lucky Star Rd., W Iron Mountain Rd, the property is located NW of Iron Mountain Rd and Dorenne St |
5 acres |
$825,000 |
$825,000 |
Sauvage Gas Company
|
N-80683 |
|
N of W Centennial Pkwy and W of Puli Rd |
505 acres |
$55,000,000 |
$55,000,000 |
Lawrence Canarelli |
N-100498 |
|
SW corner of W Centennial Pkwy and N Shaumber Rd |
22.5 acres |
$10,690,000 |
$14,010,000 |
Umer Malik and the Zsksmaz Township Family Trust dated
|
N-100500 |
|
NW corner of N. Shaumber Rd and W Hammer Ln |
5 acres |
$1,875,000 |
$2,115,000 |
Umer Malik and the Zsksmaz Township Family Trust dated
|
N-100501 |
|
SW corner of W Regena Avenue & N Juliano Road |
2.03 acres |
$539,000 |
$859,000
|
Levi Parker
|
N-97342 |
|
N of W Tropical Pkwy and east of N Grand Canyon Dr |
5 acres |
$1,100,000 |
$1,750,000 |
Toll North LV LLC
|
N-100502 |
|
E of S Buffalo Dr and N of W Le Baron Ave |
7.5 acres |
$1,425,000 |
$1,545,000 |
Plaster Development Corporation (DBA Signature Homes)
|
N-100507 |
|
W of N Ft. Apache and N of Florine Ave |
20 acres |
$4,600,000 |
$8,760,000 |
Ken Templeton Realty & Investment, Inc. |
N-95267 |
Successful bidders must pay 20 percent of the bid by 4 p.m. today. The remainder is due within 180 days on or before April 30, 2024. In accordance with the joint selection process, unsold parcels must be re-nominated for consideration at future land sales by the local government.
More information about the sale can be found at https://www.EnergyNet.com/govt_listing.pl.
—BLM—
The BLM manages more than 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.