"Governor Mark Gordon and the members of the State Loan and Investment Board (SLIB) have unanimously supported the submission of a bid to purchase Wyoming land with a goal of returning additional revenue to the state."
This item is available in full to subscribers.
To continue reading, you will need to either log in to your subscriber account, or purchase a new subscription.
If you are a current print subscriber, you can set up a free website account and connect your subscription to it by clicking here.
If you are a digital subscriber with an active, online-only subscription then you already have an account here. Just reset your password if you've not yet logged in to your account on this new site.
Otherwise, click here to view your options for subscribing.
Please log in to continue |
CHEYENNE – Governor Mark Gordon and the members of the State Loan and Investment Board (SLIB) have unanimously supported the submission of a bid to purchase Wyoming land with a goal of returning additional revenue to the state.
The non-binding bid is only another step towards the purchase, and is not final. The bid will now be submitted to Occidental Petroleum for the purchase of land and minerals, and may include the entirety of the land offered or a portion. The Board’s vote requires additional public meetings prior to final approval of any purchase, the highest possible return, and a report detailing non-confidential aspects of the transaction. The non-binding bid authorized by the SLIB is confidential at this time to protect the integrity of the bid process and to allow the board to submit a bid.
“This is a unique and substantial opportunity to invest in Wyoming-based revenue-generating assets,” Governor Gordon said. “We owed it to the people of Wyoming to properly evaluate its potential, listen to their concerns and weigh carefully whether this investment would benefit Wyoming’s portfolio. That is our fiduciary responsibility to our state– to make sure we get the highest rate of return for the citizens of Wyoming,”