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.
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.
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.
The massive building at 1 Corporate Drive had been ITT headquarters in Palm Coast’s nascent days then office and classroom space for the school district’s adult education programs. The building had its uses but was never a good investment for the district.
The school board will spend $163,000 to demolish the iconic hulk on Palm Coast Parkway, but the 5-0 vote was marred and rushed by an improper maneuver by board member Sue Dickinson.
The Flagler School Board got no bids on its 54,000-square foot building in pring, which it’ll pay $200,000 to demolish, after paying off a $770,000 debt on it.
The board bought the 54,000 square-foot building for $3.5 million in 2001 and housed the Flagler Technical Institute’s community education classes and offices there, but the building must be evacuated either by January or by summer and either rebuilt and renovated at costs approaching $5 million or demolished even as the district continues to pay $445,000 in annual debt service on it.
The Palm Coast Historical Society will leave its digs at Matanzas High School for Activity Room B at Holland Park in its latest of many moves. The three-year arrangement, with the Palm Coast City Council’s blessing, will be at no cost to the society.
The Flagler County Commission closed the books on the 28-year-old Hammock Dunes “development of regional impact,” angering Palm Coast over developer dollars the city contends should still be paid for widening Palm Harbor Parkway.