Tuesday, July 29, 2008

11,700 acres up for sale

The largest privately owned block of property in the state of Kentucky is going on the market.

The Kimball International property in Crittenden and Union counties will likely be sold at auction later this fall. The company is selling 11,700 acres, which is well known for its coal reserves, timber and deer hunting. 

The land is currently leased for hunting by Game Trails, a nationally-known outfitter that is often seen on outdoors TV shows.

When Kimball bought the property from Alcoa in 1998, it was listed for $13 million. Land prices have more than doubled over the past 10 years.

For more on this big land sale, see this week's printed edition of The Crittenden Press which will be on sale Wednesday afternoon.