The Morning News reports that Fayetteville's board of education votes to buy more land; but the land remains part of a foreclosure action

Please click on image to enlarge school-board photo and read name tags (which appear off center from the angle the picture was made ) from July 24, 2008. Becky Purcell at right.
The Morning News report on school-board meeting from July 24, 2008


Please click on image to ENLARGE photo of Fayetteville school board on July 24, 2008.


The Morning News
Local News for Northwest Arkansas

School District Approves Land Purchase
By Rose Ann Pearce
The Morning News
http://www.nwaonline.net/articles/2008/07/24/news/072508fzfayschoolbrd.txt
FAYETTEVILLE - The Fayetteville School District will buy a 9.6-acre tract on Deane Solomon Road for $600,000.
But the decision to buy the land Thursday didn't come easily for the board, which spent more than an hour in discussion.
School-board member Tim Kring wanted to tie the purchase to an agreement by the board that it would sell approximately 30 acres of a 101-acre tract on Deane Solomon Road that the district already owns. The 9.6-acre parcel adjoins the larger tract.
Kring wants the 30 acres placed on the market now, even though some board members pointed out that the real-estate market is not as healthy now as it was in 2004 when the district bought the property.

The property, owned by Brandon Barber and BLB Holding, is tied up in a foreclosure action. The Federal Deposit Insurance Corporation had to approve the sale price, which was lower than the original asking price.

The Morning News report on school-board meeting from June 24, 2008