Oregon State University could help buy Elliott State Forest, under plan offered by Oregon Treasurer
Last edited Sun May 7, 2017, 11:19 AM - Edit history (1)
SALEM — Oregon Treasurer Tobias Read wants the state to partner with Oregon State University to buy the entire Elliott State Forest out from its constitutional obligation to fund K-12 public schools.
Read’s idea, which OSU President Ed Ray has signed onto, would build on Gov. Kate Brown’s plan to use $100 million in state bonds this year to buy environmentally important parts of the forest.
But where Brown’s plan would keep the balance of the Elliott under the control of the State Land Board with the goal of generating logging revenues for K-12 public schools, Read wants a cleaner break.
Under his plan released Thursday, the Land Board would give OSU an option to buy the entire forest for an additional $120.8 million at some unspecified point in the future.
Read more: http://registerguard.com/rg/news/local/35549515-75/story.csp