What's Next For Old Mission School, TCAPS After Deal
Following more than a year of public meetings, board discussions and private negotiations, Traverse City Area Public Schools (TCAPS) and the Old Mission Peninsula Education Foundation (OMPEF) struck a tentative agreement Friday for the sale of Old Mission Peninsula School.
OMPEF will purchase the school from TCAPS for $1.1 million, a price that includes both the building and its contents. The building title will officially transfer July 1, 2018, with purchase funds held in escrow until the transfer is complete. The agreement follows several weeks of negotiations as OMPEF upped its original offer of $750,000 to $1 million, with TCAPS countering with a preferred ballpark of $1.25-$1.5 million.
So what's next for the school and the district?
“Our goal is to have a school up and running in September 2018,” OMPEF President Allison O’Keefe says. “That’s a promise we’ve made to the community and our donors, and we will see that through.” OMPEF’s next step is to lay out a new fundraising plan for school operations in a community meeting in early March, according to O’Keefe. more