Scottsville’s schools are going up for sale and a developer wants to build a $3 billion high-rise condominium development that would be the tallest in the city.
Scott and Barbara Murchison, who own Scotts Valley Homes, said Thursday they will sell their Scotts valley school, Scotts school, for $1.9 billion.
Scotts schools will remain in operation and the $3 million purchase price is not expected to be approved by the Scotts County Board of Education.
“I want to thank everyone who has been with Scotts since we opened Scotts, and I’m happy to be part of a great partnership with our partner, The Murchisons, who have done an outstanding job in building Scotts educational institution,” Scotts Mayor Joe DiMaggio said in a statement.
Scott Murchion said the $1 billion price tag for Scotts development is too high.
“This is a very significant project.
The Mursons own a great part of Scotts city, and we are looking forward to the exciting future that this project brings to our community,” he said.
The school board of Scotters, one of the state’s largest, announced in February that it was considering a sale of the Scotters school building.
That plan was dropped after the Murchings stepped in to save the school, and it was eventually sold for the $100 million price tag.
In April, the Mursings took control of Scotting’s schools.
Scott Murchions son, David, was named superintendent and is now in charge of the school.
David Murchson said in an interview Thursday that Scotts will remain a school that the Murchesons will always be proud of.
“The Murchons have been involved with the Scotting schools from day one,” David Murch, Scotting Schools’ chief executive officer, said.
“We’re extremely proud of their achievements.”