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LISD weighs $30,000 purchase option on Hodges property after heir steps forward
Summary
Lubbock ISD staff told the Facilities Committee the heir to the Hodges property has surfaced and the district holds an option to buy the property for $30,000; staff will meet the heir, commission abatement estimates, and share a fair market value study before the board decides whether to buy, demolish, or let it revert.
The Lubbock Independent School District Facilities Committee discussed next steps for the Hodges property after an heir came forward and the district’s existing option to purchase the parcel for $30,000. Rick Rodriguez told the committee the deed differs from the Wright property and said the first step is to meet with the heir to learn whether the heir has any viable plans for the building.
Rodriguez said that if the heir has no viable plan, the district could exercise the $30,000 purchase option, demolish the building using previously budgeted bond funds and sell the land — after addressing any zoning issues. He said the district will obtain a costly abatement estimate to inform that decision and that “a fair market value study will be shared with the board.” The committee did not take a formal vote; staff recommended further fact-finding with the heir and the market study before the board chooses a course of action.
