Lexington 1 to buy former board member’s land at 7 times appraised value | The State

Midlands school district to buy former board member’s land at 7 times appraised value

BY JEFF WILKINSON AND SARAH ELLIS

May 23, 2018

Lake and Main Comment: 

The District’s suggestion that the exorbitant purchase price might somehow be mitigated by savings on pre-construction costs is insulting. Those factors may, indeed, make the property more attractive, but to , essentially, pay those costs anyway is bad business and poor fiscal stewardship.

Further, it has not been disclosed who set the price for the property. Was it the Nichols family or did the school board arbitrarily multiply the appraised value by 7?  Was there any negotiation or was the deal made with a wink and a nod?

This purchase smacks of cronyism and demands better answers.

Contact the District One School Board:

http://www.lexington1.net/about/school-board/members

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4 comments

  1. I do not see any way in this World that District 1 can justify this exorbitant price for this piece of land. Cronyism is a good term to describe the deal. I am emailing all the District 1 School Board Members with my objection to this colossal waste of taxpayers money!

    Like

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