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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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