Monday, May 11, 2009

French School Land

2009-05-11 05:49:11

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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.