Greenfield school to be sold, but major hurdles to be cleared
Building, land could fetch $2.5 million to $3.1 million
The former Chapman School will be sold for $2.5 million to $3.1 million, depending on how long it takes for rezoning and for the potential developer to buy additional properties needed.
The Greenfield School Board decided to sell the former school Monday, after being given authorization by a special meeting of electors earlier in the evening.
The buyer is BR Acquisitions of Wisconsin LLC, headed by developer Brian Riordan. The sale is contingent on getting the rezoning and acquiring the properties. Then a closing will take place and money will change hands.
But all that could take months or even a couple of years, school officials said. The price will go higher the longer it takes.
School officials say they don't know what Riordan has in mind for the property, but speculated that he would want to raze the former school at 8500 W. Chapman Ave.
Your link to the biggest stories in the suburbs delivered Thursday mornings.
Enter your e-mail address above and click "Sign Up Now!" to begin receiving your e-mail newsletter Get the Newsletter!
- Greenfield police report: Oct. 30, 2014
- Greenfield takes steps toward taxing district for infrastructure work
- Ball rolling on Loomis Crossing in Greenfield
- Greenfield police report: Oct. 23, 2014
- Hales Corners Eagle Scout's signs point the way at Whitnall Park
- A mother talks of her loss to heroin
- Whitnall High School performs Shakespeare classic with a flare
- Greenfield man charged as part of prescription fraud ring
- Greenfield schools 'right-sizing' enrollment for smaller classes
- Greenfield restricts car sales at homes