A winning bidder has committed upwards of $1 million to take a leap at crossing the Snake River Canyon near Twin Falls — nearly four decades after Evel Knievel failed to make the jump.
!['Big Ed' Beckley](https://www.idahoednews.org/wp-content/uploads/2013/09/58.jpg)
The money will go to public schools, the Idaho Department of Lands said Friday.
The winning bidder is one “Big Ed” Beckley, a Texan who outbid four other suitors.
And here’s how the bid breaks down:
- Beckley committed $943,000 in a so-called “bonus bid,” securing the rights to the event.
- He will pay $25,000 a year for two years, to lease 1,147 acres on the north rim of the canyon, where a landing ramp would be installed.
- Beckley agrees to pay the state a 3 percent cut of revenues from sponsorships TV and Internet broadcasts of the event.
- Beckley will pay the state a 5 percent cut from all other event revenues.
All of these proceeds would go to K-12, the Department of Lands says.
As winning bidder, Beckley has exclusive rights to the launch and landing site for two years.