Content area
Full Text
An independent appraisal has confirmed the College of Western Idaho's offer for a parcel where it plans to build its Boise campus.
CWI had offered $8.88 million for 10.3 acres at Main Street and Whitewater Park Boulevard.
The Boise office of New York-based Integra Realty Resources, a commercial real estate valuation firm, appraised the value of the former Bob Rice Ford car dealership property at 3150 W. Main St. at $8.975 million - more than double the $3.6 million assessed value assigned by the Ada County Assessor.
"Downtown Boise parcels available for sale having Boise River frontage are few," IRR's Bradford Knipe and Robin Brady wrote in their appraisal for CWI. "To our knowledge there are no other downtown parcels available for sale at or above 10 acres, and the four available tracts in the 5- to 8-acre range are much higher priced,...