BOISE, Idaho (AP) — The College of Western Idaho has purchased a 10-acre lot of land at $8.8 million, twice the value assigned to it for tax purposes, but officials say they did not overpay.

The Idaho Statesman reports that the community college's board chairwoman Mary Niland said Thursday that she if she could go back she would have looked at the tax assessment and asked for an appraisal. Board vice president Guy Hurlbutt described the lot's location as "superb" and did not think an assessment would have made much difference.

CWI bought the former Ford dealership property west of downtown along the Boise river for a planned Boise campus. Niland said the board looked at several properties over 18 months before deciding and developed a good feel for what properties were worth.