The University of Alaska is set to gain hundreds of thousands of acres of land because of a provision in the recently passed, $1.7 trillion federal spending package.
, provides a way within the federal Bureau of Land Management to find and transfer land chosen by the state to the university system. The state and university in conjunction now have four years to pick a half-million acres of federal land. Up to 360,000 acres of that land will be transferred to the university, Musick said.in a statement
“By providing a new way to expand the University’s land grant, we are ensuring it can generate additional revenues that support its students, faculty, and campus infrastructure,” Murkowski said. Land can increase university revenue, and the University of Alaska system has used its existing land for real estate, mining, timber and gravel sales. It earns between $7 million and $8 million each year from that acreage. Money from some of the the university’s existing land goes toward scholarships, and other teaching and research, Musick said.
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