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Buyer withdraws from Robert Frost sale; superintendent recommends holding 14‑acre site
Summary
The district said a pending buyer terminated the purchase of the Robert Frost property during due diligence after the buyer requested the city join a low‑income housing program that the city declined. Superintendent recommended the board hold the 14‑acre property rather than relist immediately.
Superintendent Kim told the board the pending sale of the Robert Frost property was terminated during due diligence after the buyer asked the city to participate in a low-income housing program and the city declined to do so. Kim said "the termination was submitted during the due diligence process" and that the district is now without an active listing.
Kim described operational options: the listing agent recommended relisting at a new price of $3,000,000, but she favored holding the parcel for possible future district needs such as a new building; she also noted the site contains wetlands and is roughly 14 acres, which may limit full subdivision or immediate redevelopment.
