LP-A high school sale falls through
Less than a month after Lake Park-Audubon school board members were celebrating the fact that they had sold the old high school building in Lake Park for slightly over their asking price, they received word early this week that the purchase had fallen through.
“Monday morning I had a call from our realtor, Steve Larson,” said LP-A Superintendent Dale Hogie.
Larson informed Hogie that the buyer, Mono Investments, was going to cancel the purchase agreement.
Hogie said there was a contingency clause in the purchase offer that gave Mono Investments 30 days to try to reach an agreement with the City of Lake Park for use of a portion of the building.
No agreement was reached, so the company withdrew its offer.
“We are extremely disappointed,” Hogie said, “but we will still look to sell (the building) and hope that will happen within a short period of time.”
Hogie said there were a couple of possible investors who had indicated an interest in purchasing the property, including the one who had submitted a bid at the same time Mono Investments submitted theirs.
The school board will be discussing its options at the next board meeting, which is set for April 22 at 7 p.m. in Lake Park.