Former Monroe high school property up for auction

MONROE — A public auction to sell the former Monroe high school property is scheduled for 9 a.m. Friday at the Monroe Local School District board office, 500 Yankee Road.

The property, which was appraised at $1.5 million ($50,000 per acre), will be sold in three parcels: 7.4 acres, located at the southwest corner of Macready Avenue and Lee Price Avenue; 9.9 acres, located at 225-231 Macready Avenue; and 11.7 acres, located at West Elm Street.

“I think we will get a couple people that are interested and bid on single parcels,” Monroe Superintendent Elizabeth Lolli said. “I don’t anticipate a purchase on the whole parcel, but I could be surprised.”

The money from the sale will go directly into the general fund, according to Treasurer Holly Cahall.

Monroe has a projected deficit of $4.3 million by the end of this fiscal year (June 30) that is a combination of a $2.9 million deficit in the Bond Retirement Fund and a $1.4 million operating deficit.

Contact this reporter at (513) 755-5113 or steven.matthews@coxinc.com.

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