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SLPS to receive Vertical Bridge buyout options packaged for next meeting
Summary
Committee members asked staff to assemble a single packet of buyout options and comparative data for Vertical Bridge ground-lease opportunities to be considered at a future meeting.
Saint Louis — The Real Estate Committee on Aug. 18 heard an update about a ground-lease buyout opportunity with Vertical Bridge and directed staff to assemble a consolidated packet of buyout options and comparative data for the next committee meeting. Staff said Vertical Bridge previously presented buyout options for a tower lease at Nance School and now intends to present options for Long Middle School as well. Committee members asked that all options and comparative district data be provided together so the committee can evaluate buyout alternatives at once. No purchase or buyout decision was made at the meeting.
