There's a working paper by Ernie Niemi that just came out regarding the economic and fiduciary implications that the State Land Board must consider. Here's a few highlights:
1. With logging revenues declining, selling the Elliot to that industry represents a depressed market value.
2. In contrast, non logging revenue is increasing. The value of the forest in its carbon sequestration, recreational opportunities, and ecological benefits point to increasing market value. 
3. The land boards fiduciary obligation is not just to sustaining annual revenues for schools, but to grow the underlying assets potential for higher sustainable revenue. 
Current evidence suggests a higher asset value growth rate if the forest is valued for its non logging revenue opportunities.