2009-05-11 05:49:11
Now that the sale has closed, we're finding out how much the Municipality got for a piece of land for a new French school in Cookville. C-A-O Tammy Wilson says the property is just over ten acres. It was sold to the province earlier this year at a cost of $400,000. The piece of property is just off Highway 10 near the WalMart development. A replacement for École de la Rive-Sud in Blockhouse will be built near the Osprey Ridge development. The school will have up to 285 French first-language students from the region. It will cost about $13 million and should be completed in 2010. A local real estate agent says forty-thousand an acre is a fair price for a lot that size near the Exit 12 development. She says that's where a lot of people want to be right now as the retail area continues to grow. The municipality isn't sure if the 1 percent deed transfer tax applies to the sale between the two levels of government.
