Otter, Luna reverse stance on storage business


BOISE, Idaho (AP) _ Gov. C.L. ``Butch'' Otter and Superintendent
of Public Instruction Tom Luna now say they erred when they voted
to spend $2.7 million to buy a storage business whose revenue
benefits Idaho public schools.
As Idaho Land Board members, they voted last August in a
unanimous decision to add Affordable Self-Storage in Boise to an
endowment fund's investments that benefit schools.
After that move, storage industry officials and some
conservatives accused Idaho of competing with the private sector.
Otter and Luna now agree, saying they made a mistake.
Others Land Board members _ Attorney General Lawrence Wasden,
Secretary of State Ben Ysursa and Controller Donna Jones _ said
they're aware of the criticism, but believe the endowment's
purchase still makes business sense and fulfills their
constitutional responsibility to maximize endowment earnings.

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