Auction begins for 82 acres of Forest Service property
January 26, 2006
Staff reportsThe live, online auction of 82 acres of U.S. Forest Service property north of downtown Truckee has begun, although as of Thursday morning no one had posted an opening bid.The Truckee Mountain Retreat, as the auctioneers have dubbed the residentially zoned property off of Indian Jack Road, is being hawked to raise money for the Forest Service’s new center east of Olympic Heights.The suggested opening bid for the property is $3 million. Bidding opened on Wednesday morning at 9 a.m. Potential buyers from Chicago, Las Vegas, San Diego and the Bay Area toured the property last year before the snow fell, according to Rick Maddalena of the Truckee Ranger District.The online bidding is being conducted by the federal General Services Administration, and will run for as long as there is evidence of competition between parties, Maddalena said.Town zoning on the property would allow for as many as 41 homes to be built. According to Truckee’s General Plan requirements, the homes would have to be developed in a cluster, allowing for open space on a portion of the property. A project of 41 homes would also trigger a requirement for 15 percent of the units to be affordable homes.Maddalena, who said interest in the property has been high, expects bidding on the property to begin slowly, but become competitive fairly quickly.The public can track the auction online at http://www.auctionrp.com. Once on the auction homepage, click on California and scroll down to the Truckee property.