Spencer County School Board approves property purchase

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Finalized deal contingent on Kentucky Department of Education approval

By William Carroll

The Spencer County Board of Education voted to approve the acquisition of the property located at 101 McAllister Lane for $13,500 per acre contingent upon approval from the Kentucky Department of Education.
The terms of the agreement would include a 10 percent good faith deposit on the 25.657 acre parcel located just off of KY 44. The approval tentatively ends a month of back and forth negotiations between the board and the owners of the McAllister property. The land acquisition will be for a 600 student elementary school with the capacity to expand to 750.

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The Spencer Magnet | circulation@spencermagnet.com | 502-477-2239
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