Idaho Livestock Auction Company may need to find a new home.
The City of Idaho Falls is considering buying the stockyard on Northgate Mile for $675,000. The price includes $10,000 of earnest money, of which 50% is non-refundable.
On Thursday night, the City Council will vote on the contract to buy the land, which includes a clause for environmental testing and inspection of the property. According to the contract the clause is for, “the City to determine, at its sole discretion, whether the property is acceptable to the City.”
The land could be used for a variety of purposes, possibly even a new police station.
“Most cities have budgets, and they make accommodations to purchase land. The city has landholdings around the city and most cities do, and they are all sorts of purposes that that land could be used for, that land could be used for parks, it could be used for developing new city facilities. There’s a variety of different things that the land could be used for,” said City public information officer, Bud Cranor.
If the contract is signed the City has until November 11, to decide if they want to buy the property.