Best Land Grab

College of Western Idaho's Real Estate Kerfuffle

Staff Pick

In April, the College of Western Idaho entered into a purchase agreement to buy 10 acres of real estate along the Boise River, where it would build a permanent Boise campus. The purchase was hailed by many as an anchor institution that would bolster further development along Fairview Avenue between the campus and downtown—that is, until it was revealed the purchase agreement was for $8.8 million on a parcel assessed at $3.6 million. CWI, meanwhile, had entered the agreement without conducting its own assessment. The controversy simmered until July, when an independent appraisal of the parcel pegged the value of the land at a whopping $8.9 million, making CWI's purchase practically a steal.
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