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Honor Farm parcel slated for auction in April

Honor Farm parcel slated for auction in April

*Feature Photo: The 302-acre parcel of land is located on the east side of the Highway 26 frontage and wraps around the back side of Walmart north to Honor Farm Road. (Pitchengine Communities) * (Riverton, Wyo.) - Thanks to action by the just adjourned Wyoming Legislative Session, the 302-acre parcel of land north of Riverton's Webbwood Road to Honor Farm Road along the Highway 26 frontage will go up for auction on April 12th. The land was sought by the city's economic development association, IDEA, Inc., as land for future commercial and residential development since the city is surrounded on three sides by the Wind River Indian Reservation and on the north by private property. IDEA, Inc. will place a minimum bid on the property based on its assessed value, but it hopes a private developer will outbid them and purchase the land. "We don't want to be in the real estate business," according to Kevin Kershisnick, current Executive Director of IDEA Inc. The parcel is the last remaining "large" parcel of land available for commercial development in the city. In conjunction with the auction of the land, the Office of State Lands and Investment is holding a public hearing at 4 p.m. on March 14th at the Riverton Branch Library Community Room on the proposed acquisition of 108.05 acres of land which the Honor Farm would receive as compensation for the loss of the highway frontage parcel. The Honor Farm uses the current parcel for forage production and they wanted another location to continue their farming activity. "This is a great day," Kershisnik said Thursday morning. "After 31 months of trying, the auction has finally been scheduled." The minimum bid is $1,662,000 for the surface rights only. "We originally had seven or so developers interested in the parcel, but with the economic downturn, that's been reduced to two or three, at this time," Kershisnik said. "We'll just wait and see who shows up to bid." #county10 #news