Black Hills land brings in more money during second auction - KOTA Territory News

Black Hills land brings in more money during second auction

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After being declared a 'no sale' last month, 40 acres of prime real estate in the Black Hills went up for auction again Tuesday.
 
Round two comes after a bidder, Matthew Astin, mistakenly thought he was bidding on the whole 40 acres, instead of bidding on a per-acre price.

This time the rules were made very clear and due to heightened interest, the land sold for more than it would have in the previous auction.

Final bid was to the Rosebud Sioux Tribe for $3,600 per acre, bringing the total selling price to $158,010 dollars. That's $1,050 dollars more per acre than the first auction.
 
"It was a 'snafu' at the beginning, you know accidents and mistakes happen. So you know, we're done, we're over with that we sold it today and it probably was a better true sale," says Pennington County Auditor Julie Pearson.
 
Once the county's costs are deducted, the remaining money will be divided among all taxing entities in that area.

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