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Marion County School Board votes to close sale of Central Warehouse property, nets about $1.91 million
Summary
The Marion County School Board voted 5-0 to proceed with closing on the sale of the Central Warehouse property after buyers delivered funds to escrow; board members discussed escrow, broker commission and earmarking proceeds for a district data center.
The Marion County School Board voted 5-0 July 22 to proceed with closing on the sale of the Central Warehouse property after the buyer delivered funds to escrow and signed closing documents.
The vote followed an update from Interim Superintendent Dr. Danielle Brewer and outside counsel that the sale had missed two earlier closing dates but that the buyer’s funds were in escrow as of the prior day. “They are completely ready, willing, and able to close on the warehouse property right now,” outside counsel Mr. McGraw…
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