Questions Arise About K-1 Purchase Letter

Fairhope, Alabama




PRIVATE PARTY PROPOSES PURCHASE?

The Times has removed our previous post after questions arose about who sent an intent to purchase letter to the Baldwin School Board, that was the subject of an executive session during their Tuesday work session.

After a discussion with School Board President Christenberry during the meeting, we assumed it was from the Fairhope city council since negotiations have been underway for a while, but other sources are now saying it may have been from a developer looking to build condos or a mixed-use retail project there.

Executive sessions exclude the public and media from deliberations; normal open meeting law requirements do not apply.

(Ownership records of a small portion on the west side still needed to be worked out, Christenberry said.)

Publisher's note: Discussions about this are mostly being held in private ... so information is scarce at this point. If we find out more details we will post them.




Comments

Anonymous said…
Sneaky.
Anonymous said…
It needs to be a parking lot
Anonymous said…
This game has gone on long enough.

It has become an eyesore right in the middle of town.
Anonymous said…
Trade then for the stupid triangle .
Anonymous said…
Beware of the private developer. They are pooping in our nest. Move into a quaint location, exploit it for personal gain, and then move to the next unassuming quaint location.
Anonymous said…
Sell if this isn't an Alabama Standard of behind the close door system.I expect it to be sold,demolished and more over priced,low quality condos to be built.Yet no accommodations for sewer,or infrastructure.
Anonymous said…
I am fine if the city buys you the property for a useful purpose or a private developer getting it for ANYTHING but CONDOS and APARTMENTS This developer wants condos. The Times needs to investigate who it is because it’s NOT Corte. There is a story here. Trust me.
Publisher said…
No one is anxious to talk about this publicly for obvious reasons ... since competing bids for the property may be in play.

We attended the Tuesday School Board work session seeking information about another matter; but learned from president Christenberry that an executive session was scheduled to discus a 'letter of intent' from someone to purchase the K-1 property.

Since he was giving us an update on the city's negotiations for it at the time, we assumed the letter was from the Fairhope city council; but learned later from another source it likely was for a private developer's mixed use retail proposal.

Council president Burrell has been negotiating purchasing the property for the city for several months... but had been told various "title issues" have not yet been settled.

Burrell points out heavy city supplements to schools -- about $1.1 million of "in-kind" services annually (mostly for recreation/sports support) ought to be factored in to a purchase price .. rather than it going to the "highest bidder" as is usually the case.

Last we heard the property had been appraised for $4.1 million.

A majority of the members of School Board will have to approve the sale, as will a majority of the city council to purchase it.
Anonymous said…
I sure hope they build condos, and more condos and more condos
Anonymous said…
There are unsold condos all over the City. Chris Haley's new condos are not even started yet. I cannot believe that any lender would loan to a developer to build even more unwanted condos/apartments here........apartments are abundant and growing, yet they can't seem to find tenants. We are about to have another real estate market crash b/c greedy bankers are getting their fees on the front end and have no responsibility to anyone other than the builders who are paying the fees. Bankers never learn because only shareholders get punished! Most cities learned after the last crash.....Fairhope never learns!
Anonymous said…
I think I'll wake up unhappy today just like I do all other days
Anonymous said…
Fake News!!!
Not sure which Fairhope you live in, people moving into area from all over. Real estate SALES is booming.
Anonymous said…
It would be a shame to let it get away but not surprising considering the quality of current city leadership.
Anonymous said…
And the past city leadership had how many years to do something