case study
THE RAW DEAL
A RECENT EXAMPLE OF HOW STATES CASH IN AND SPORTSMEN LOSE OUT
in october 2016, Utah’s Trust Lands Administration put 3,700 acres of state property on the auction block. With no mineral or energy opportunities, the lands had little leasing potential; the state knew, however, that selling the tracts could generate a hefty sum. The lands included prime parcels, like a scenic 200-acre Cave Valley tract adjoining Zion National Park. That plot, called “the best of the best” by auctioneers, brought $1.74 million, with Under Canvas, a resort-style “glamping” company, losing a bidding war to the Lyman Family Farm, a corporation owned by Utah entrepreneur Joe Hunt.
Other tracts that sold included 1,240 acres on Diamond Mountain, home to Uintah County’s best big-game hunting, and…
