Got $68M? State Trust Land near AJ up for auction

Photo by Arianna Grainey/Apache Junction Independent

By Richard Dyer | Apache Junction Independent

Only bidders of at least $68 million will be allowed to participate in the Aug. 20 state Trust Land auction of 2,783.13 acres south of Apache Junction and north of Queen Creek.

“By statute, state Trust Land cannot be sold for less than its appraised fair-market value. The $68 million represents the full appraised market value of the land,” Dave Cherry, public information officer for the Arizona State Land Department, said.

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