3/13/14 - A prospective deal for the purchase of Pinckney Elementary has fizzled after the school district and the potential buyer could not agree on a price. The school, along with Hamburg Elementary, is on the open market after being closed down last year to compensate for Pinckney Community Schools' declining enrollment and deficit budget. The Trinity Lutheran Church in Pinckney offered to buy the building for $250,000, substantially less than the $600,000 asking price. The district countered with an offer of $295,000, and the church came back with an offer for $255,000. At its regular meeting last week the school board chose to reject the offer and take their own counter-offer off the table. Superintendent Rick Todd tells WHMI the offer was just too low to entertain right now, but it might be more viable in the future. Todd says 80% of the sales price would go toward the 1991 bonds that are still being paid off so the district would not see much monetary benefit in such a low sale price. However, those bonds expire in 2016, at which time the district will be able to keep 100% of the sale price and may be willing to entertain such a low offer. Todd also says there have been other parties interested in purchasing the building. (TD)
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