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Jim Johnston In contrast to what Teresa McKnight, the CEO of Regional Economic Development for Eastern Idaho, or REDI, told the Pocatello City Council during a quarterly update in November, it’s not high property taxes but rather prospective sellers massively inflating the value of their properties that’s served as a larger impediment to growth in the Gate City, Jim Johnston, the interim CEO of Bannock Development Corp., recently told the Pocatello City Council during a meeting at City Hall. × Story continues below video “On July 24 we had a site visit from a company who looked at some wonderful locations,” Johnston told the City Council. “The site (this company) liked the best was not a property that was listed but one we were introduced to. (The sellers) initially wanted $2,000 per acre for that property, but when this company expressed an interest in it, they shot that price up to $40,000 an acre. Now, it is not our tax structure that keeps people fro

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