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DOI land buy-back boosts economy on Pine Ridge Reservation

Filed Under: Cobell | National
More on: doi, economic development, land consolidation, oglala sioux, south dakota

The Land Buy-Back Program for Tribal Nations is bringing an economic boost to the Pine Ridge Reservation in South Dakota.

Since offers went out last December, members of the Oglala Sioux Tribe have received more than $10 million for their fractionated interests. One person used the proceeds to build a general store, Maxine Broken Nose, the tribe's cultural liaison, told the Associated Press.

Some individuals have received more than $100,000 for their interests, according to the Interior Department. And the land is staying in Indian hands -- the interests are being consolidated and returned to the tribe.

In total, DOI has made more than $100 million in offers on the reservation to nearly 16,000 landowners. Offers are due May 2, according to a press release.

The Cobell settlement provided $1.9 billion for Indian landowners who want to sell their fractionated interests. DOI will pay "fair market value" as required by the Indian Land Consolidation Act.

Get the Story:
US sends 16,000 new offers to owners for lands it hopes to buy back for South Dakota tribe (AP 3/18)

Related Stories:
DOI announces $100M in land offers on Pine Ridge Reservation (3/18)
Deadline approaches for first Cobell land consolidation offers (1/27)
Kevin Washburn: Buyback program strengthens tribal relations (12/20)
Audio from SCIA hearing for Cobell land consolidation program (12/11)
Oglala Sioux Tribe enters agreement for land consolidation (12/10)

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