GAO Report Slams Land Exchange Programs

GAO finds land exchange programs are rife for abuse by developers and timber companies, and suggests that federal agencies discontinue the programs.
July 13, 2000, 7am PDT | Chris Steins | @urbaninsight
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A report by the U.S. General Accounting Office concludes that developers and timber companies benefit at the expense of the public from deals that are supposed to help protect natural resources. The report, which examimed only 51 of over 2000 deals, includes an example where The federal Bureau of Land Management sold one 70 acre Nevada parcel of land for $763,000 to a developer, who turned it around the same day for $4.6 million.

Thanks to Chris Steins

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Published on Thursday, July 13, 2000 in The San Francisco Chronicle
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