JACKSON, Wyo. — Portions of the state trust land near Teton Village are open for commercial development proposals.
The Office of State Lands and Investments (OSLI) is soliciting commercial development proposals for nine separate tracts of state trust land ranging from .91 acres to 5.73 acres. Proposals can include all or a portion of the tracts. All nine tracts total 23 acres. Proposals will be accepted until 5 p.m on Feb. 1, 2022.
The land in question is located just south of Jackson Hole Mountain Resort, off of Highway 390 and is part of the 640-acre State of Wyoming land.
While the entire 640-acre tract is not open for proposals at this time, back in 2020 OSLI opened up the entire tract for proposals. According to a Wyofile report, 30 proposals were received, one being from Shooting Star developer John Resor. Resor ultimately withdrew the proposal. The land continued to be leased for agriculture, recreation and construction operations, earning an estimated $45,972 a year.
According to the document announcing the call for proposals, OSLI can enact an auction process depending on the proposals received, OSLI can accept multiple offers for multiple tracts and can accept one offer of all the tracts or reject all the offers.
“Ultimate approval or denial of any proposal will occur only after consideration by the State Board of Land Commissioners.”
OSLI anticipates presenting its recommendations regarding the proposals to the Board at the regularly scheduled meeting on April 7, 2022.
