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SLDC offers to buy Marshall School and Cleveland High School; seeks ARPA stabilization funds and approvals
Summary
The St. Louis Development Corporation submitted offers to buy Marshall School for $200,000 and Cleveland High School (three parcels) for $300,000 and asked the committee to allow due diligence and stabilization work funded by ARPA allocations.
The St. Louis Development Corporation (SLDC) told the Real Estate Committee it has submitted offers to acquire two long‑vacant St. Louis Public Schools properties and seeks authority to proceed with due diligence and stabilization work using ARPA funds allocated to SLDC.
Rob Orr, SLDC senior vice president for real estate development, said Marshall School — vacant roughly 22 years and damaged in recent storms and a tornado — is under an offer of $200,000. SLDC said the offer requires LCRA and CDA approvals and…
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