Business Journal: Placer County Forest For Sale


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(Sacramento, CA)
Tuesday, May 22, 2007
Timbervest of Atlanta will be auctioning off a 4,800 acre forest in Placer County in a few weeks. The reserve price will be about $2,500 an acre, or just shy of $13 million. Who will bid, and what they’ll want to do with this timberland, is a subject of much speculation. The site is in Forest Hill, out of Auburn, next to a proposed senior retirement community. Will a developer want to put in another community on this forested land? It’s close to the Sugar Pine Reservoir … so another possibility is a recreational area, with trails and RV campgrounds. It could also be a conservation property. The sealed bids will be opened on June 6th.