Post by Chris_Wendt on Oct 4, 2012 13:54:32 GMT -5
The Seaford Board of Education is holding a public information meeting concerning the proposed sale of the derelict Seaford Avenue School. There has only been one proposal received, and it has been accepted pending voter approval later this month and zoning approval if the voters approve the sale.
The deal shapes up like this:
Basic sale price: $5.2 Million
Estimated annual school tax revenue after the sale: $500,000 per year
Actual maintenance costs saved by Seaford Schools after the sale closes: $100,000 per year
Proposed Development:
This is a hugely unpopular choice for development of the property, especially for nearby neighbors of the development.
The old school would cost Seaford several million dollars to renovate and bring up to code, or to tear down. It has broken windows and is a nuisance in the neighborhood, but the fields are heavily used by PAL.
Seaford lost $400,000 annual rent from this building starting in 2010 after BOCES canceled their lease for the TAP program held there.
Should be interesting to watch.
Chris Wendt
The deal shapes up like this:
Basic sale price: $5.2 Million
Estimated annual school tax revenue after the sale: $500,000 per year
Actual maintenance costs saved by Seaford Schools after the sale closes: $100,000 per year
Proposed Development:
- 113 condo units restricted to age 55+
- No Rental Units Allowed
- Seaford Residents and their parents have first option to purchase
- Pool, club house, other amenities
- No restrictions against families with children
- No "Affordable" or subsidized housing units included
- Athletic fields will NOT be preserved
This is a hugely unpopular choice for development of the property, especially for nearby neighbors of the development.
The old school would cost Seaford several million dollars to renovate and bring up to code, or to tear down. It has broken windows and is a nuisance in the neighborhood, but the fields are heavily used by PAL.
Seaford lost $400,000 annual rent from this building starting in 2010 after BOCES canceled their lease for the TAP program held there.
Should be interesting to watch.
Chris Wendt