Thursday, January 13, 2011

THE "OLD" MIDDLE SCHOOL

Mr. George Duncan from Meadville, Missouri has purchased the old middle school with a cash offer of $25,000.

We have found that Mr. Duncan and his associates have several companies that are listed with the Secretary of State in Missouri and all are listed in “good standing” from what we’ve been told. He has indicated to us that he wants to buy the building to present to a group of investors that may want to pursue a nursing school or apartment complex.

Dave Connelly, the realtor, has made sure Duncan understands that any future use of the facility must get approval from the City due to its zoning, etc. Mr. Duncan has “flipped” properties in the past as he has bought some buildings and then turned around and re-sold them at a profit. I assume he may try that in York if he is unable to get the facility developed into something.

The school district received bids this past summer on what demolition and excavation would cost of the facility and it came to over $700,000. By selling this building, we are able to get it on the tax ledger and shave close to $50,000 of annual expenses.

YPS maintains ownership of the land north of the old middle school where the football field, track, and baseball fields are.

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