(From FOX News)
In the winter of 2014, government officials from the Department of Defense and the U.S. Air Force approached the Sheahan family about purchasing the property. At that time, Sheahan and other family members had never had the property appraised but he says the family thought offers of $2.4 million, $5.2 million, and $1.5 million from the Air Force were too low and so they rejected them. “We’re not going to sit down with those numbers at the table.” said Sheahan.
The Air Force confiscated the property on Sept. 16, 2015 through a federal court ruling in US District Court in Nevada. The family had three outside experts appraise the property after the seizure. Due to its proximity to Area 51 and the mineral rights to the land, each appraiser recognized the “unique value” of the property and came to the conclusion that the real value of the land was worth upwards of $44 million to $116 million dollars, Leavitt told Fox News.