The $1.3 million sale will include proceeds aimed at capital improvements in Malden Public Schools
The following was submitted by the Malden Redevelopment Authority. Malden Mayor Gary Christenson and representatives of the Mystic Valley Regional Charter School (MVRCS) have signed a purchase and sale agreement for the Emerson School on Highland Avenue. The purchase price was $1.3 million and the proceeds from the sale will be used to make capital improvements, including security upgrades, in Malden’s public schools. In commenting about the transaction, Ward Two City Councillor Steven Ultrino said: “This is a great fit for the neighborhood. The neighbors have been accustomed to having a school in this area for more than 100 years. The Charter School has proven itself to be a good neighbor and pays particular attention to the upkeep of …
Mystic Valley Regional Charter School offers services and cash totaling $1.6 million for the property.
The purchase of Emerson School by the Mystic Valley Regional Charter School took another step forward Tuesday night, when the city's public property committee approved moving forward with the deal. The purchase agreement will be drafted by the city solicitor and awaits approval by the full council next Tuesday. The $1.3 million dollar acquisition will allow the school to hold high school classes for a growing student population, a letter of interest read. As the school would not be required to pay taxes on the property, the proposal included a number of other offers from the school, including upkeep of the nearby World War II memorial, some use availability for city events and a monthly gallery night featuring local artists. The offer …
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Partnership for Community Schools in Malden
238 Highland Ave, Malden, MA
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AnnieOMalden
9:02 pm on Saturday, January 5, 2013
Who gave permission to Fran Brown to do this deal? Does Neil know about this? Does the chair of the Buildings Committee know about this? Someone ought to tell Kinnon about this stuff... more ›