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Board committee reviews multiple real‑estate offers and donation requests across district properties
Summary
Facilities staff presented multiple property appraisals, offers and donation requests — including Grays Creek, Riverview (Vision Prep), Humes Middle proposed to New Ballet, and several donation requests (Hamilton, Magnolia) — and invited board input before presenting contracts in June.
The procurement committee also heard an extended presentation from Facilities Director Michelle Stewart on a batch of real‑estate offers and donation requests for district properties.
Stewart presented slides for a series of properties across the district, giving appraisals, offers and potential buyer uses. Highlights in the presentation included:
- Grays Creek Administration Building (approx. 43 acres): appraised at $8.3 million, highest current offer $9 million from Industrial Capital Holdings for warehouse/office use; prospective buyer asked the district to pay up to $500,000 of any remediation costs in exchange for a net offer of $8.5 million.
- Riverview (former Riverview Elementary): currently leased by Vision Prep (charter operator). Appraisal listed at $1.6 million; Vision Prep’s net offer and reported capital investments were discussed; board members and staff noted the statute requires the district to consider charter operator investments and…
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