Forest service land sale bids roll in slowly | SierraSun.com
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Forest service land sale bids roll in slowly

Staff reports
Sierra Sun mapThe Truckee Mountain Retreat, as the auctioneers have dubbed the residentially zoned property off of Indian Jack Road, is being sold to raise money for the Forest Service's new center east of Olympic Heights.
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A live, online auction of 82 acres of U.S. Forest Service land near downtown Truckee is scheduled to close on Friday if no increased bids are received.

Bidding has reached $1.55 million, with five groups posting bids. Bidders are identified by a name, such as “THE GROUP.” The suggested opening bid for the land was $3 million.

If additional bids are received on Friday before 3 p.m., the bidding will continue as long as there is competition.

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 Truckee Mountain Retreat, as the auctioneers have dubbed the residentially zoned property off of Indian Jack Road, is being sold to raise money for the Forest Service’s new center east of Olympic Heights.

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, according to the town’s housing element.

The public can track the auction online at http://www.auctionrp.com.

Once on the auction home page, click on California and scroll down to the Truckee property.


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