Reid’s land in the desert
A 160-acre plot in Bullhead City, Ariz., has been variously valued at $1,000 to $10,000 per acre since Harry Reid and longtime friend Clair Haycock bought it more than 20 years ago. But Sen. Reid effectively paid far less than that in 2002, when he purchased Haycock’s three-eighths interest, the equivalent of 60 acres.
Per-acre valuations of the land over the years
Price Haycock paid in 1982 for his share: $1,500
Approximate price paid in 1990 by buyers who later defaulted: $8,400
Valuation by Reid in 2001 Senate ethics statements: $5,000 to $10,000
2001 private appraisal for Reid: $1,000
Valuation by Mohave County assessor in 2002: $2,144
Price Reid paid for Haycock’s three-eighths share of the land in 2002: $166
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Note: The current county valuation of the property, unchanged since 2003, averages $1,748 per acre. Reid’s per-acre valuation on his latest Senate ethics statement is $3,125 to $6,250.
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Sources: Los Angeles Times estimates based on U.S. Senate disclosure forms; Mohave County Recorder’s Office; Mohave County assessor; private appraisal records
