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2003 Display
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contents of the on-line edition of The Nugget represent a selection
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School district to sell industrial land Developers
will have a chance to purchase 29.5 acres of industrial land in Sisters
in the wake of a school board decision to put its Lundgren Mill property
on the market.
The board voted unanimously Monday night, August 18, to sell the property
at the end of North Pine Street for $100,000 per acre.
The land is zoned for light industrial use.
The proceeds from the sale will be used in part to pay back an $800,000
loan the school district used to repair the building that now houses Sisters
Middle School (the former high school).
The school roof was repaired and new siding installed.
The remainder will be earmarked for facilities improvement and maintenance.
After the vote, board member Bill Reed recalled that the district had
entered negotiations to sell the whole parcel (not then zoned industrial)
for $300,000 to $350,000 about 11 years ago.
Those negotiations fell through and the district backed off.
"We thought 'maybe we're underselling this, maybe we should hang onto
this for a while,'" Reed said.
"I'm glad we did." |
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