First two cabin sites sell to lessees at appraised value; cheers, applause follow
The first cabin site to come up for auction, on Cavanaugh Bay Road in Coolin, was appraised at $430,000. A bid was entered for that amount – and though the auctioneer repeatedly asked for a bid of $435,000, and then for $431,000, no one else bid. The lot sold to the first bidder, prompting a big burst of cheers and applause from the crowd – it went to the existing lessee.
The same happened with the second site, which sold for the appraised value, $485,000.