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An appraisal completed in October 2023 by Chandler Consulting of Grand Junction, Colorado set the value of the tract at $43.5 million. The final sum will be paid by the federal government agencies acquiring the land (Forest Service, Bureau of Land Management) to the Colorado State Land Board. The price works out to about $1,000 per acre ($2,500 ...
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The claimed homestead could include the same land which they had previously filed a preemption claim (on up to 160 acres at $1.25 per acre, or up to 80 acres of subdivided and surveyed land at $2.50 per acre), and they could expand their current ownership to contiguous adjacent land up to 160 acres total.
The ranch is “just minutes from dining and shopping yet tucked amongst the aspens and pines in a private valley along the Gore Range,” the listing says.
The largest land use category is vacant and agricultural land at 32% in 2012 of land in the city. [1]: 39 More than half of the land (57%) in this category is in the 24,000 acre Banning Lewis Ranch on the city's eastern edge. Another key geographical location for future development is the northern edge of Colorado Springs.