The lack of transparency and public oversight in the sale of Hofmann Forest are deeply troubling. It is appalling that the 14 members of NCSU’s Natural Resources Foundation can meet in closed session and – without any public input, agenda or minutes – decide to sell the 79,000 acres of public lands.
The claimed economic benefits don’t stack up. Tax records for the Natural Resources Foundation show that the forest generated $6 million in sales as recently as 2010, the same amount that supposedly will be generated from stock and other risky investments.
It seems bizarre that a university with two entire departments devoted to forestry would want to dispose of such an asset.