New Appraisal Says Ravensford is Worth $3.5 Million

 
PRESS RELEASE
  FOR IMMEDIATE RELEASE
Date:   September 16, 2003
Contact:   Greg Kidd, National Parks Conservation Association, 865-329-2424, extension 26


New Appraisal Says Ravensford is Worth $3.5 Million

KNOXVILLE, TN - The National Parks Conservation Association (NPCA) today announced the findings of an independent appraisal that puts the value of Ravensford, a tract of land proposed for transfer out of Great Smoky Mountains National Park, at $3.5 million, compared with the approximately $500,000 value of the land near the Blue Ridge Parkway that has been offered in exchange by the Eastern Band of Cherokee Indians (EBCI). Until now, the properties had been portrayed of equal value.

“This new appraisal brings to light additional questions about this land-transfer deal and gives greater reason for Congress, the National Park Service, and the local community to proceed with caution,” said National Parks Conservation Association Associate Regional Director Greg Kidd. “This issue should be addressed before either Congress or the Park Service resolve to remove the Ravensford tract from Great Smoky Mountains National Park. Fortunately, alternative locations for the construction of schools do exist outside the boundary of the park.”

In a 41-page professional appraisal dated August 13, 2003, the Property Service Group Southeast looked at 16 comparable properties, concluding that the 143-acre Ravensford tract has a market value of $3,575,000. In an October 2002 letter to the editor of The Washington Post, the EBCI reported that 168 acres of the Ravensford tract appraised at $558,400. The National Park Service has denied repeated Freedom of Information Act requests for that appraisal to confirm that figure.

To expedite the land-transfer process, Rep. Charles Taylor (R-N.C.) has proposed legislation in the U.S. House of Representatives (H.R. 1409) that would circumvent the ongoing public process by mandating the exchange of the Ravensford tract. The House is expected to take action on the bill as early as this week.

# # #

Close

Want to learn more about the  ?

The   can be seen in the wild in America’s national parks. Why not join the National Parks Conservation Association community to protect and preserve our national parks?

Sign up to protect parks in   & other states

Why not join the National Parks Conservation Association Community to protect and preserve our national parks?

Sign up to protect   and other National Parks

Why not join the National Parks Conservation Association Community to protect and preserve our national parks?

Please leave this field empty
Yes, please sign me up for NPCA’s newsletter and other emails about protecting our national parks!

National Parks Conservation Association
National Parks Conservation Association

Log In

Or log in with your connected Facebook or Twitter account:

GO

Welcome to our growing community of park advocates. Thanks for signing up!

Sign Up:

Or sign up by connecting your Facebook or Twitter account:

GO