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Judge approves movie‑lot sale; developer Pulte says it expects to meet March 3 due‑diligence deadline
2316163 · February 15, 2025
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Summary
Board administration told the finance committee that a court approved the sale of district-owned movie lots on Jan. 27; developer Pulte indicated it expects to complete due diligence by March 3 and then must place funds in escrow as the next contractual milestone
The finance committee received an update on the district’s pending sale of the movie‑lot property. Administration reported the Montgomery County court approved the sale on Jan. 27 after hearing affidavits from both appraisers stating the sales price exceeded appraised value.
District staff said they…
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