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Town of Davidson to Purchase 251 South Street

by | Sep 7, 2018 | Bottom Right Box, News, Town Information

251 South Street

This summer, the Davidson Board of Commissioners directed staff to pursue the purchase of the site of the former IB school. At its August 14 meeting, the Charlotte-Mecklenburg Board of Education declared its intent to sell the parcel located at 251 South Street to the Town of Davidson, contingent upon the county declining its statutory right of first refusal.

On September 5, the Mecklenburg Board of County Commissioners voted to decline its right of first refusal enabling CMS to proceed with selling the property to the Town of Davidson for $2,460,000. Over the next 60 days staff will perform “due diligence” on the purchase. In that time, we will complete a site survey and a Phase 1 environmental study. The town anticipates the use of installment financing at the closing in early December.

“We believe that it is important to purchase this site so it remains in town control in perpetuity,” said Mayor Rusty Knox. “We’ve been working with our partners at CMS and the county for several months and are very pleased with the results.”

The parcel offers 33,500 square feet of space to cover public facilities space needs. In addition to the historic school building, this site has a gymnasium, fields, and parking. The Davidson Board of Commissioners need to decide how we should use that property; options are to renovate the school for town offices and community space or master plan the buildings and entire five acres. Public engagement opportunities will be scheduled in the future to seek further input from our citizens.

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