Home » NEWS » Gaming » Bay St. Louis' Second Street School sale finally closes

Bay St. Louis' Second Street School sale finally closes

BAY ST. LOUIS — The sale of the old Second Street Elementary School is finally complete.

Bay-Waveland School District attorney Ronnie Artigues Jr. said in an email this week, “The last two documents were actually signed this morning. It is now closed.”

New Orleans developer Jim MacPhaille and his wife are the new owners of the property and building. He has said he’s still mulling over what will become of the historic building. Top possibilities mentioned are a condohotel, a theater and restaurant. MacPhaille has said he wants to keep the neighbors involved and happy with whatever his development turns out to be.

The sale price was $768,000, according to Artigues, who said the money actually will go to FEMA. “We do not actually send them a check, but FEMA will recover the amount of the sales price from total benefits paid to the school district. They basically receive the sales proceeds, just through set off of benefits paid,” he said.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Lisa Monti

Leave a Reply

Your email address will not be published. Required fields are marked *

*