New or Pending Lease Auction Applications
IDL advertises new proposed uses of endowment lands. In other words, when we receive an application that proposes to use endowment trust land in a way that is considered new for that location, we inform the market in order to give other individuals the opportunity to apply for the lease auction and outbid the other applicant at auction.
IDL advertises leases that are expiring within the next two years so that anyone can apply for the lease. One year prior to a lease expiration, an application may be submitted for a new lease.
Expiring lease information will be updated soon.
All leases for endowment trust lands are subject to the public auction requirement. If there is only one applicant for a lease auction, the auction is deemed complete as of the application deadline. If more than one person applies to lease the same land, then the lease is auctioned to the applicants at a “live” auction. Live lease auctions are only available to applicants who applied by the application deadline.
Commercial & Residential
Tamara Armstrong, Program Manager
Real Estate & Energy Resources
Josh Purkis, Program Manager
For questions specific to a location:
Read more: How does the lease auction process work?
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