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District sale of Marshall property executed; board told sale will avoid demolition costs
Summary
Trustees were told the Marshall property purchase agreement was executed April 11 for $500,000; district officials said avoiding demolition and maintenance could total approximately $3.5 million in benefit.
The board was informed that the Wayne-Westland Community School District’s sale of the Marshall property has moved to closing: the purchase agreement was executed on April 11, a district official said.
Board member Scott Tocco reported that the property sold for $500,000 and that the district expects an estimated total benefit of approximately $3.5 million because the buyer will assume demolition and ongoing maintenance costs previously expected by the district. The board had earlier scheduled demolition of the building in a future bond project; Tocco said the buyer will instead pay for demolition, removing an estimated $3 million liability from the district’s capital plan.
Trustees asked for further updates; Tocco said he will notify the board of any developments concerning related district-owned properties in Inkster and Westland.
