Perhaps the fifth time will be the charm for the Osseo School District’s attempt to sell the Orchard Lane Elementary building – which now houses the charter school Odyssey Academy – in Brooklyn Center.
The school board unanimously approved a purchase agreement April 9 that would sell the property for a an initial price of $2.3 million to NRES Osseo Corporation, a Minnesota nonprofit that intends to continue leasing the building to Odyssey. If certain conditions are met, the district will receive another $200,000, for a total purchase price of $2.5 million.
But the district has been in this position before, and the purchase hasn’t gone through. Now it must wait and see if the sale is successful.
“Our school district has been actively engaged in trying to sell the building for years, and there have been four previous purchase agreements for the property,” Assistant Supt. Kim Riesgraf said. ”However, a sale has not been completed due to difficulty of the purchaser to find financing.”
The most recent agreement to fall through was in 2011. That agreement would have sold the property for $2.5 million.
Located at 6201 Noble Ave. N., the school was constructed in 1965, with an addition added in 1994, according to Riesgraf. The 48,116 square-foot building sits on 12.37 acres of land. The district operated it as an elementary school until June 2002. Since then it has been leased to Odyssey Academy.