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District shares appraisals for several properties; McNeil, Wright and operations building options discussed
Summary
Administration presented recent commercial appraisals for McNeil, Wright, the Madison Road maintenance facility, the operations center and the Colac education center. The board discussed selling, subdividing or leasing assets and asked for follow‑up analysis and broker proposals.
The School District of Beloit’s administration presented commercial appraisals on Dec. 3 for five district properties and outlined near‑term options for each.
Mr. Chaney (Finance/Operations) told the board the district had obtained appraisals for McNeil, Wright School, the Madison Road maintenance facility, the operations center and the Colac Education Center (the administration building). He said the district is not publicly releasing appraisal documents now in order to preserve…
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