Got $68M? State Trust Land auction Aug. 20 for 2,700 acres south of Apache Junction
by Richard Dyer | Apache Junction/Gold Canyon Independent
The land that will go up for auction is called Superstition Vistas. It’s located between Elliot and Ray roads and from Meridian east about 2 miles.
Only bidders of at least $68 million will be allowed to participate in the Aug. 20 state Trust Land auction of 2,783.13 acres south of Apache Junction and north of Queen Creek.
“By statute, state Trust Land cannot be sold for less than its appraised fair-market value. The $68 million represents the full appraised market value of the land,” Dave Cherry, public information officer for the Arizona State Land Department, said.
K-12 schools would be the beneficiary of the sale of the land in the area called Superstition Vistas, which is between Elliot and Ray roads and from Meridian east about 2 miles.
