School district awaits response on newspaper building purchase

July 15th, 2015 by Ken

In May, the Olympia School District made an offer to purchase The Olympian building from its owners – – McClatchy Corporation out of Florida, and is still waiting for a response to its offer.

The school district wants to use the newspaper building for its new district office.

The purchase offer has not been made public, but school officials say the offer is less than the assessed valuation of the building.   The current assessed valuation is $5.1 million.

School officials say the building is a perfect fit for the district’s needs.  It has significant room for all of the current district staff and a great deal of storage space.

While McClatchy has not responded to the offer, the district has no fall-back position.

Posted in Business, Government, Informational, The Real News

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