In a letter dated March 4th, the district managers for both the Coeur d’Alene and Boise districts of the BLM rejected the proposed land exchange that would have transferred some 9000 acres of North Idaho BLM property to M3, in exchange for some 11,000 acres of M3 lands in the Boise foothills. M3, an Arizona-based development company with an interest in a large development proposal outside of Eagle, had intended to immediately flip the North Idaho BLM properties to the Idaho Forest Group for timber harvesting. In the letter, BLM says “We have concluded this exchange proposal is not in the public’s best interest.”
According to the BLM’s analysis, the acquisition of the sagebrush steppe southern parcels was not equivalent to the loss of high natural resource and timber values of the forested North Idaho lands. BLM noted specifically that the value of the North Idaho properties would be expected to increase substantially in value, while the value of the southern parcels would “remain at or near current value” due to their limited development potential.
The BLM also noted that many of the North Idaho parcels proposed for exchange had high resource values for “wildlife, fisheries, recreation, open space, timber, and threatened and endangered species habitat and connectivity” that were not equaled by the southern properties.
Notably, the BLM letter seemed to foreclose any further action on this exchange for the immediate future. The letter says BLM will not consider “further modifications or refinements” from M3 until the BLM’s Boise office completes its planning process for the Four Rivers area, where the southern part of the exchange would occur. The Four Rivers plan is expected to be completed in 2013.