PUSD office sale expected to close in next 10 days
Prescott Unified School District Superintendent Joe Howard remains optimistic that the potential sale of the district’s former office building on South Granite Street will close within the next 10 days.
Based on a contract approved by the district Governing Board, the potential buyer has been allowed to negotiate some extensions — at a price, if the deal does not come to fruition. A deal was expected to be made by Thursday, Aug. 3. The district’s real estate brokers and lawyers have negotiated an arrangement that gives the buyers extra time, Howard said.
If this deal goes through, the district will have completed the community’s wishes of three years ago to sell off three school district properties. The prior two school buildings were sold to Ironline Partners in Phoenix; the former Miller Valley Elementary School and the former Dexter Elementary School that is now home to the Northpoint Expeditionary Learning Academy, including a seventh/eighth grade middle school and high school.
The district collected a total of $4.8 million for those two properties.
“Everything is looking positive, and I think the transaction is going to move forward,” Howard said. “The conditions to closing relate to leaving the building so that it meets everyone’s expectations.”
— Courier reporter Nanci Hutson