Fayetteville School District Expands Capacity with Significant Land Acquisition
The Fayetteville School District has made a significant move to address capacity issues by purchasing a substantial amount of land for a new school development. The district acquired nearly 20 acres of land to build a junior high school, marking a crucial step towards alleviating overcrowding in the area.
This acquisition further solidifies the district’s commitment to providing better educational facilities to its students. The new school will help in redistributing students from overcrowded schools, ensuring a more balanced and conducive learning environment.
New School Development and Relocation Plans
The district has detailed plans to relocate Woodland Junior High School from East Poplar Street to the newly purchased land. This relocation is part of a comprehensive plan to restructure the school system in Fayetteville.
The forthcoming junior high school will be constructed on a 31.8-acre property at the intersection of Joyce Boulevard and Crossover Road. This strategic move will provide a modern facility, enhancing the overall educational experience for students.
Financial Details of the Acquisition
The district invested .6 million in the purchase of the 31.8-acre property. This calculated investment demonstrates the district’s dedication to providing quality educational infrastructure.
The purchase price translates to approximately .31 per square foot, indicating a reasonable and well-structured financial commitment to the project.
Additional Developments in the Area
Other significant transactions have also taken place in the region. For instance, a 2.5-acre office and warehouse development on Athens Avenue sold for .32 million. This sale highlights the growing demand for commercial properties in Fayetteville.
Additionally, a 13,536-square-foot apartment complex on N. Templeton Place was sold for .3 million, contributing to the area’s thriving real estate market.
