Wednesday, April 4, 2012
St. Louis Public Schools Will Burn $1.65 Million Demolishing Hodgen
St. Louis Public Schools will lose around $1.6 million dollars by demolishing the old Hodgen School! Landmarks Association has obtained information showing that the combined environmental abatement and demolition will cost $774,297.
Hilliker Corporation, who for several years has been the listing agent for surplus schools for sale currently has 4 other former SLPS elementary schools listed on their school properties page ranging from $19.03 to $20.57 per square foot. At $19.00 per square foot, the old Hodgen School would list for $874,000 if it was for sale instead of being demolished.
The combined loss of our tax dollars for the demolition and loss of sale revenue totals $1.65 million! SLPS formerly had the Hodgen School for sale and in 2008 according to the Business Journal it was under contract, but since that time, apparently SLPS has decided it has money to burn.