WPR News
6:56 pm
Wed August 25, 2010

Governor has 'fruitful' meeting on state land in Grand Teton

Laramie, WY – Governor Dave Freudenthal says that he had a fruitful meeting with the Department of Interior this week. The subject was over what to do about land the state owns inside Grand Teton National Park. Freudenthal says they are trying to sell or trade the land for money or federal land elsewhere. Wyoming is required by law to get a maximum value from the property to benefit state schools. Grand Teton National Park officials fear the state will sell the land to private developers. But, Freudenthal says negotiations with the federal government are proceeding.
"Essentially we put together a transaction that would have a fairly substantial down payment on the front end and then a payout over time for the federal government to purchase it. But, I would say I would view the meeting as generally positive and certainly positive enough that I don't feel obligated to go put up a for sale sign."
Freudenthal says the deal should be worth around 100 million dollars. If the state does sell the land to the federal government the state legislature will have to approve the deal.