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.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Twang & Tourism: The Country Music Trail
Top Posts & Pages
- R.J. Allen ranked as fastest-growing company in Mississippi
- Tragedy for Jackson Prep: Football player Walker Wilbanks dies
- Senate election ballot approved as McDaniel's challenge continues
- Officials set hunting dates for birds; expands dove season by 20 days
- Judge moves McDaniel's lawsuit challenging loss to Cochran
- DAVID DALLAS — Mississippi needs one university
- TECH 21 — Mississippi's most wanted in technology
- Inspectors find 'hot work' was cause of fatal explosion at fish plant
- Ground broken for new Hattiesburg Clinic facility