Wake County school board buys land for Holly Springs elementary school

Posted by T. Keung Hui on February 18, 2014 

The Wake County school board voted Tuesday to buy land in Holly Springs for a new elementary school and to approve a new deal that saves more than $330,000 for a school site in southwest Cary.

The board voted to pay $1,260,200 for 23.263 acres on the north side of Holly Springs New Hill Road east of the intersection with Green Oaks Parkway. The school, identified by Wake as E-43, is scheduled to open in 2016.

Wake is buying from five land owners: Real Estate PIN numbers 0639-95-8539, 0639-96-6073, 0639-95-5904, 0639-95-8820 and 0649-06-6014.

The district is pursuing this site instead of trying to acquire land on the South Wake Landfill in Holly Springs, according to Joe Desormeaux, the school district’s assistant superintendent for facilities.

The school board also amended the deal it had approved in November to pay $2,797,500 for 22.38 acres located south of Morrisville Parkway and west of White Oak Church Road. The district will now pay $110,000 per acre – down from the original price of $125,000 per acre.

Betty Parker, the district’s director of real estate services, said that the land owner agreed to lower the price by $15,000 per acre for concessions such as a quicker closing on the E-37 site. The southwest Cary school is slated to open in 2016.

Both deals need to be approved by the Wake County Board of Commissioners to go into effect.

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