The $2.5 million offer was $500,000 higher than the best appraisal of the property. The board split 2-2 on the offer from Michael Collard Properties, who’d offered $1.8 million last year.
corporate one
School Board Will Yet Again Try To Sell Corporate One Property Off Palm Coast Parkway
The school board will most likely have to sell the 7-acre property–now without a building–at a loss, after owning it since 2003 but for far more trouble than it was worth.
School Board Declines $1.8 Million Offer From Island Walk Developer For Old ITT Property
The developer wants to redevelop the area with shops and restaurants, but the school board thinks the price is too low, it hasn’t appraised the property and it won’t sell it if it doesn’t have pressing needs for revenue.
