Southern Calif. developer buys Truckee land |

Southern Calif. developer buys Truckee land

A Southern California development group is on the verge of entering into escrow on 82 acres of U.S. Forest Service property near downtown Truckee.

The $5.6 million deal is moving forward after the group outbid numerous competitors in an online auction earlier this year for the acreage. The prospective new owner has developed in ski towns in Utah and Colorado, said Rick Maddalena, recreation and land use officer with the Truckee Ranger District of the Forest Service.

The new owner, whose name is being withheld until escrow opens on the property, offered the final bid of $5.65 million in April. The bid was determined to match fair market value for the property and was accepted by the Forest Service.

The land is zoned to allow for 42 homes. It is located off of Indian Jack Road, just across Interstate 80 from downtown Truckee.

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