Iowa town cannot afford $1 school
INDEPENDENCE (AP) — Independence city officials say a proposal to purchase a former high school for $1 is too expensive because of costs to restore or repair the property.
KCRG-TV reports Tuesday that city and Independence Community School District officials say a deal between them is dead.
The city had reached a tentative agreement in March to purchase the school and 20 acres from the district. City officials had said the building could be repurposed into a police department or civic center.
City engineers estimate it could cost more than $250,000 to tear down the building or $2.5 million to bring it up to code. City officials say that’s more than tax payers would want to spend.
The school board will discuss what to do with the property at its August meeting.