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Government property sold at public auction may include surplus government equipment, abandoned property over which the government has asserted ownership, property which has passed to the government by escheat, government land, and intangible assets over which the government asserts authority, such as broadcast frequencies sold through a spectrum auction.
[8] [9] In October 2016, the state government's surplus operations ran an auction for Hiyu, ending with no sale. [10] A second auction for the vessel later in the year also failed to find a buyer, [11] but in February 2017 the state reached an agreement to sell Hiyu to a private buyer who would use her as a floating entertainment venue on Lake ...
G.I. Joe's began in 1952 when Edward Orkney purchased army surplus sleeping bags and then set up a tent in Portland, Oregon, to sell them to the public. [3] Orkney sold out of the sleeping bags and then started selling other army surplus merchandise in a store that then doubled in size by 1956, [3] making it Portland's largest retailer of sporting goods and outdoor gear.
Camp Adair was a United States Army division training facility established north of Corvallis, Oregon, operating from 1942 to 1946.During its peak period of use, the camp was home to approximately 40,000 persons — enough to have constituted the second largest city in the state of Oregon.
A location in Tanasbourne, Oregon, operated by Ted Walsh. James Read founded the company on June 11, 1946, in San Francisco, California. [3] [4] [6] He bought government surplus food products and sold them in previously vacant stores throughout San Francisco. [3] [6] [13] He named his new company Cannery Sales.
The Surplus Record has been available online since 1986, [4] when buyers would use 2400-baud modems to access it. Currently, it is the largest online directory in the world for surplus capital equipment. [5] The company started its own online auctions in 1999, [1] [6] a year before it was acquired.