The School Reform Commission last night approved the sale of the former Childs Elementary, 17th and Tasker, along with seven other shuttered schools around the city.
According to this agenda released ahead of the meeting, the buyer is a company called Metal Ventures, Inc., and they’re paying $1.18 million. The SRC says this was the only offer they received for the building.
We aren’t clear on what Metal Ventures intends to do with the building, and we reached out to the Newbold Neighbors Association to see if MV or the SRC had approached neighbors about their intentions. We haven’t heard back yet and will update once we do.
UPDATE: A source on the NNA says members of the community have been involved with a potential sale since at least September 2012, but the source wasn’t ready to talk about the plans.
One other curious thing is that we can’t seem to find any public records about a company called Metal Ventures, Inc., registered in Pennsylvania. It’s certainly possible there’s a typo or some other clerical error, so the lack of information doesn’t necessarily mean anything, but it does make things difficult for trying to figure out what is going on.
Our guess? Apartments. We’ll keep you posted.
The building was constructed in 1896 as a K-8 school, but the district closed it in June 2010 because it said renovating it into a modern educational facility would cost too much. Childs Elementary moved to another building at 16th and Wharton that year. Says the school district:
The sale is subject to a due diligence investigation, including environmental, which must be completed within a period not to exceed 60 days after the execution of an Agreement of Sale. The Buyer is expected to close on the property by the end of the School District’s fiscal year in June.