Sunday, August 28, 2011

Pend d'Oreille Bay Trail




This is a special post related to an ongoing project to purchase the Pend d'Oreille Bay Trail.

In the 60's the Hall family purchased a large chunk of the shoreline between Sandpoint and Kootenai. The purchase was done shortly after installation of the Albeni Falls dam. Several years after the purchase, a large part of the properties had washed away prompting emergency action by the Army Corps of Engineers to protect the railroad tracks. Since that time, the Halls have owned a sliver of waterfront property that spans almost a mile of shoreline. For the last three decades, the Halls and various groups have debated the purchase of this property. There is a trail on the property and the adjoining railroad property which is used extensively by the public.

In early 2011, Dann Hall listed one of his properties for sale. Carrie Logan initially worked to purchase this property. After multiple discussions the City and Dann Hall were unable to agree on a purchase price.

I approached the Halls following the discussions and worked with Dann on a proposal to purchase the entirety of the Hall properties. This took several months and hundreds of hours. Ultimately, we were able to agree on a four-year purchase price of all the Hall properties for $1.6 million. The total land is almost one mile of shoreline.

After coming to an agreement on a potential deal, it was necessary to find the funding for the project. John Reuter was instrumental. At the same time as the Hall deal, the City of Sandpoint was going through budget discussions. Councilman Reuter worked to identify funds in the budget which could be used for the purchase. The deal requires $400,000 this year and each year thereafter for four years. However, I believe that Ponderay will pay the purchase price in the third year and Friends of the Pend d'Oreille Bay Trail will pay the purchase price in the fourth year. Of note, the Friends group agreed to raise the money the same day that they became aware of the proposal. They are fantastic.

Councilman Reuter is incredibly effective at budgetary matters. Through no small feat and over many, many hours, he identified $400,000 that we could use this year for the purchase. We were able to include the purchase in the budget for this year.

Following Sandpoint's participation, I attended the Ponderay Council meeting to propose to them the purchase of the third year. It was a very long debate. Over the next two years, budget predictions show that Ponderay could save the money for the purchase. However, it will require sacrifices. After more than 30 minutes of discussion, the Ponderay City Council ultimately voted to make every effort to purchase the third year. The Council's decision was in no small part thanks to the dedicated support of the Friends' group.

To date, we are still working on nailing down the details on the purchase documents. It has been a very long process. Honestly, I am exhausted. However, I believe that this will be one of the most important projects in the future of Ponderay and Kootenai.

The Pend d'Oreille Bay Trail represents more than one mile of shoreline preserved for public use. It is equal to nearly all the other waterfront in the Sandpoint City limits.

The primary concern is the value of the properties and whether the price is fair. I believe that the price is fair considering the value and the opportunity that it represents. First the purchase price for Sandpoint is approximately $1,145 per front foot. Waterfront prices are between $2000 and $5000 per front foot. Secondly, the third and fourth year purchases are dramatically cheaper, averaging $193 per front foot.

In addition, these properties represent an incredible opportunity. Waterfront continues to be more limited. I remember a time growing up when there were countless places on private and public property to access the lake. With the increase of waterfront prices, there are fewer and fewer locations for the public to use the lake. This is only going to become worse. It has to with the cost of waterfront properties. Therefore, this represents the largest waterfront acquisition in the history of Ponderay and Sandpoint. This property might not be perfect but over time I am confident that it can be developed to provide public access to the lake. I believe that this is the most important project to come to the City of Sandpoint in the last three decades. It is comparable to the creation of the Sandpoint City Beach which was a public-private project spearheaded by the Lions Club. Similarly the Sandpoint City Beach at its inception was nothing more than a sand bar. It was filled in and over time has become the gem of Sandpoint. We have that same opportunity and I am excited at the possibility.


Articles on the Trail:

1. Daily Bee
2. Daily Bee
3. Spokesman-Review
4. Daily Bee
5. Daily Bee
















2 comments:

  1. Stephen, I am sure I am one of many that is very gracious to you and all of the others for taking this initiative! This trail is (and will continue to be!) one of my most favorite things about this beautiful area. Thank you.

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  2. Thank you very much for your comment.

    ReplyDelete