BoiseDev has obtained further particulars on Trident Holdings’ proposal to alternate for endowment land round McCall, Idaho.

Final month, we introduced that Trident had formally submitted its proposal to the State of Idaho for a land swap that will transfer a big quantity of land within the Lake Payette space below non-public management – with the promise {that a} half can be used for conservation functions. and public recreation.

Trident supplied us with a closely redacted copy of the proposal it submitted to the State of Idaho. Sixty-four p.c of the pages within the model Trident gave us had been blacked out. Moreover, now we have requested a replica from the Idaho Lands Division below the Idaho Public Information Acts.

[Trident submits formal proposal for large (but reduced) McCall-area land swap]

Trident gave the State of Idaho two copies of the proposal. A very unredacted within the eyes of officers and employees of the Idaho Land Division. One other with the heavy redactions he advised the state to present anybody who asks for a replica.

However the state ignored Trident’s course and as a substitute carried out its personal extra focused redactions and handed that replicate to BoiseDev.

Evaluating the 2 variations, new info emerges – and helps shed extra element on what Trident is hoping the state of Idaho will permit him to do.

The lands of northern Idaho

We reported that Trident has acknowledged that he hopes to amass timberland in northern Idaho and alternate it with the Idaho Land Division endowment in alternate for land round Lake Payette. However Trident would not inform us which land.

Whereas the state of Idaho has blocked a lot of the credentials for northern Idaho lumber plots, it has left some background info untouched. This exhibits that Trident needs to purchase land in Benewah, Clearwater, Latah and Shoshone counties. This is the way it breaks down:

• Benewah County – 1,835 sq. miles of forest land in a single parcel
• Clearwater County – 12,068 sq. miles of forest land unfold over 15 plots
• Latah County – 5,287 sq. miles of forest land on three plots
• Shoshone County – 13,323 sq. miles of forest land on 12 plots

General, Trident says it should buy a complete of 32.52 sq. miles of land unfold throughout 31 completely different plots. Trident says he employed consultants to evaluate the land, primarily based on timber costs, choices on the land, and the timing of the potential proposal closing.

Worth comparability

“Based mostly on these components, the market worth of the timberlots introduced right here is estimated to be between $ 30 million and $ 45 million as of October 2020,” the Trident proposal states in a footnote.

The proposal then compares the estimated worth to the state worth outlined within the Payette Endowment Land Technique we reported on final yr.

“IDL’s Payette Endowment Lands Technique (“ PELS ”), introduced in December 2020, estimated the possible worth of those lands topic to PELS and that are additionally included on this request… at $ 25,090,952.00.”

Basically, Trident says he’ll purchase forest land that he says is price $ 30-45 million and commerce it in for $ 25 million of constructing land round McCall.

Solely a partial alternate

Initially, Trident stated he would swap for all the endowment land round McCall, in what Williams referred to as a “holistic” answer to cease the “piecemeal” gross sales of land by the Idaho Land Board.

However the precise proposal is shifting gears, as we reported final month, and eradicating three giant plots of land, with the concept of ​​leaving them with the endowment. The plots embrace an space round Little Payette Lake and at Pilgrim’s Cove. These three areas, generally known as Parcels C, D and Okay, would distribute $ 27.99 million out of the whole land worth of $ 53.08 million within the Payette Lake space in line with Trident’s calculations. Which means that Williams solely hopes to purchase lower than half of the world’s land, measured in greenback worth.

Trident’s proposal now focuses totally on the lands that would offer the best worth for improvement and Williams’ thought of ​​increasing Ponderosa Park – together with the tree-covered hills that body Payette Lake, seen from McCall.

Williams advised BoiseDev final month, and admits within the proposal, that Trident would not really personal any of the land he tells the state he needs to swap. Whereas the proposal repeatedly states that Trident owns the land with language like “its properties,” a footnote makes it clear that it doesn’t but have possession.

“As of the date of this request, Trident doesn’t personal the parcels described right here in charges, however will purchase title to charges instantly previous to the shut of escrow pursuant to an alternate settlement,” the proposal states.