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State of Georgia Acquires 10,015 Acres

In December, the Georgia State Properties Commission unanimously approved the acquisition of 10,015 acres of land in Houston County for $28.7 million from Oaky Woods Properties LLC. The Middle Georgia acreage is part of 16,000 acres in Oaky Woods west

Forest land
In December, the Georgia State Properties Commission unanimously approved the acquisition of 10,015 acres of land in Houston County for $28.7 million from Oaky Woods Properties LLC. The Middle Georgia acreage is part of 16,000 acres in Oaky Woods west of the Ocmulgee River already under lease by the state.

At $2,865 per acre, the acquisition cost is almost double the property’s price in 2004, which is when the State of Georgia declined the opportunity to acquire it previously.

Posted in News Desk

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