Monday, December 15, 2014

Oregon Offers To Sell Forest To Fund Education

Huffington Post - Education
December 10th, 2014

PORTLAND, Ore., Dec 10 (Reuters) - Want to buy a forest? Oregon is preparing to sell off 92,000 acres (37,200 hectares) of coastal woodlands, in a move to distance itself from environmentally questionable timber sales that have long provided revenue to the state's public schools.

Officials expect a sale price between $300 million and $700 million - a big range that reflects uncertainty about the extent of logging restrictions in the Elliott State Forest, an Oregon Department of State Lands spokeswoman said on Wednesday.

Proceeds from the sale would go to the public school trust, as Elliott was made a state forest in 1930 and put into a public trust to fund education through timber sales.

The move to sell it aims to provide funds for education, even as the state under pressure from environmental groups has recently curtailed logging in the coastal rainforest.

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