Two investors spent $1.2 million dollars for a 65-acre piece of property on the shores of Lake Superior that was previously owned by the state.
The Pioneer Press reports the sale, approved by the legislature last year, will benefit public schools. It was sold during a public auction Wednesday. The property, which includes nearly 1,700 feet of lakeshore, is near Silver Bay.
MPR adds that the Parks & Trails Council of Minnesota was "disappointed" by the sale. Advocates wanted a state trail to be built there, but the Minnesota Department of Natural Resources says it prefers a connection to the nearby Gitchi-Gami trail, to be built further inland.