HP Selling Boise Campus for $110m

The following appears on postregister.com

By ZACH KYLE – Idaho is buying Hewlett-Packard’s entire Boise campus on Chinden Boulevard.

The state’s Department of Administration has signed a non-binding letter of intent to start talks with HP on the deal, with an estimated purchase price of $110 million and an additional $16 million in costs for renovations, according to a news release from Gov. Butch Otter’s office.

The Idaho Legislature is considering a concurrent resolution to authorize the state to start negotiations on the purchase, the release said.

Keith Reynolds, deputy director of the Idaho Department of Administration, said the state would initially relocate the Tax Commission to the HP campus.

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