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.
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