A development company out of Texas entered the winning bid in an auction for three parcels of land owned by the Ames Community School District.
The auction was held Friday and Breckenridge Land Acquisitions LP bid $2.3 million for what is known as the Old Middle School Property. The company’s bid came in just above Hunziker & Associates Land Development of Ames’ bid of $2.25 million.
Breckenridge has a plan to build 12 single-family homes as well as cottage and apartment-style housing.
According to Ames Community School Board Vice President Luke Deardorff, the proceeds will benefit Ames students by adding to the District’s capital revenue for projects that need immediate attention and for the District’s long-term Facilities Master Plan.
“The proceeds will help us fund near-term priorities like a new High School swimming pool and a 1:1 technology initiative,” Deardorff said. “They will also help us with the cash flow for all of our facilities projects.”
The sale must still be approved by the school board before it is finalized.