High: 77º Low: 51º
High: 71º Low: 51º
High; 74º Low: 51º
BOISE, Idaho (AP) _ State officials are granting a two-year extension for leases granted to owners of cabins on state land along the shores of Priest Lake.
But the extensions come with a catch: Higher rent.
Cabin owners now pay 2.5 percent of the undeveloped land's value per year as rent. That rate is expected to climb to 4 percent for
leases in 2012 and 2013.
The Spokesman-Review reported the rent hike was approved Tuesday by the state Land Board.
The move comes after the Land Board voted in December to offer cabin owners on state land at Priest and Payette lakes new 10-year leases at a rental rate of 4 percent of the land's value per year. But that lease plan was blocked by two pending lawsuits.