Zionsville schools and the town are teaming up to buy 126 acres of the Dow AgroSciences property along 106th St. east of Zionsville Road. The plan was announced during the Zionsville Community Schools Board of Trustees meeting Monday night, Nov. 12.
The Town of Zionsville and the schools will buy the land for $5.7 million. The school will purchase the entire parcel, but at closing, it will direct 116 acres to the Zionsville Redevelopment Commission. ZCS will pay about $450,000 for the 10 acres it will keep, and the town will pay the rest.
“I am proud to announce that we are on the cusp of a significant town collaboration,” said board President Robert Wingerter. “This is one that I think has the potential to benefit the entire community.”
The land will be the site of a new maintenace facility, one of four capitial improvements funded by a 2005 bond. The other three – athletic facilities, the new Union Elementary and Zionsville West Middle School – have already been built.
See Wednesday's paper for the full story.