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Riverside & Leroy Reach Purchase Agreement

The Riverside Local School District and Leroy Township Trustees have reached a purchase agreement for the Leroy Elementary property, located at 13613 Painesville-Warren Road.

The Riverside Local School District and Leroy Township Trustees have reached a purchase agreement for the Leroy Elementary property, located at 13613 Painesville-Warren Road.

Leroy Township agrees to pay the Riverside Local School District a total of $10,000 for the entire property. Because we sold the property, we are not responsible for any costs associated with the abatement and demolition of the building, which saves the District an estimated $200,000.

Leroy Elementary was among four schools that the Riverside Local School District closed at the end of the 2018-2019 school year. In September of 2019, the District opened up newly constructed Parkside and Riverview Elementary Schools as a result of the passage of a 2016 Bond Levy.
 
In December of 2019, the District agreed to sell the back portion of Hadden Elementary, which remains a park, to Painesville Township for $40,000. In February of 2020, the District sold the entire Hale Road Elementary property to the Educational Service Center of the Western Reserve for $110,000. In June of 2021, the District sold the Hadden Elementary Building to the Educational Service Center of the Western Reserve for $500,000.

Posted Friday, November 19, 2021