Olympia, WA - The state Board of Natural Resources approved the purchase of a 163-acre tract of forestland in Pacific County for $1.6 million on Tuesday. The Washington State Department of Natural Resources (DNR) will manage the acquired parcel as a source of long-term revenue to support public school construction statewide.
The property, which was acquired from a willing, private seller, is approximately 10 miles southeast of Raymond and South Bend. The parcel includes about 3 million board feet of timber valued at $910,000. The purchase will also open access for DNR to potentially harvest an additional $4 million worth of timber on adjacent state trust land – funds that also will support public school construction.
Funds for the acquisition will come from a land replacement account that DNR uses to acquire working forests and other lands. The account is funded by the sales of other trust lands that are less productive or less likely to provide long-term revenue to the public school beneficiaries.