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School board approves lower sale price for John L. Gibson property; city to proceed amid charter group's interest
Summary
The Escambia County School Board voted 3-2 to approve an amended sales agreement lowering the price of the former John L. Gibson school and to move toward closing with the city of Pensacola.
The Escambia County School Board voted to approve an amended sales agreement that reduces the purchase price for the former John L. Gibson school property and allows the district to proceed toward closing with the city of Pensacola.
The motion to approve an amendment to the sales agreement for the John L. Gibson property passed 3-2. The amendment adjusts the sale price to reflect the cost of restoring the building, which district staff said is substantial. "That study revealed substantial amounts of contribution cost that it would take to preserve that building," said Dennis (district realty staff), speaking to the board about the city’s preservation study. "The number you have before you is essentially the value of the property not sitting underneath the building…"
Why it matters: The decision moves the district closer to transferring the property to the city under the…
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