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Board reviews five-parcel purchase near McFadden School as inspection periods near expiration
Summary
The board discussed purchase contracts on five parcels adjacent to McFadden School of Excellence, noting appraisals lower than contract prices and that homes on the lots will be demolished; the board must decide whether to proceed before inspection windows close.
At the March 24 work session, board member Reed briefed colleagues on five parcels the Board of Education contracted to buy for future expansion around McFadden School of Excellence.
Reed said appraisals on the five properties — lots on Kings Highway and Bluff Avenue — came in below the contract purchase prices and that the structures on the sites…
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