State land considered the gateway to Bullhead City is set for auction Jan. 6.
The 69 acres is located across the Colorado River from Laughlin and near the Bullhead City airport.
Leaders in the northwestern Arizona city have lobbied the state for years to put the parcel up for auction.
The Mohave Daily News reports bidding begins at $15 million, the appraised value of the parcel. Bidding will continue in increments of $100,000.
City leaders envision luxury condos, restaurants, boat docks, maybe a marina on the site.