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Colville Tribes expect Cobell buy-back offers for landowners in fall

Filed Under: Cobell Lawsuit and Settlement | National
More on: colville, doi, land consolidation, washington
     
   

A sign on the Colville Reservation in Washington. Photo from Department of Transportation

The Land Buy-Back Program for Tribal Nations is coming to the Confederated Tribes of the Colville Reservation.

Offers are expected to be mailed in the fall, The Tribal Tribune reported. Landowners could receive upwards of $25.7 million for their fractionated interests, the paper said.

The $3.4 billion settlement to the Indian trust fund lawsuit included $1.9 billion for the buy-back program. Landowners can choose to sell their fractionated interests and any parcels acquired will be transferred to their respective tribal governments.

As of August 5, more than 39,000 landowners have accepted nearly $820 million for their interests. The equivalent of 1.585 million acres has been restored to tribes.

Read More on the Story:
Buying back the 15th most fractionated reservation (The Tribal Tribune 8/12)

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