NACOGDOCHES, TX (KTRE) - The property under serious consideration is on Northeast Stalling's Drive not far from the loop. The land became available after a federal prison proposal was not accepted.
"It was just an opportunity to purchase land at a good price and use it potentially for a school at a later date or just have it for an investment at this point," T.D. Howarth, NISD board member explained.
Nacogdoches is growing north. New neighborhoods and road construction are common sites along Appleby Sand Road. Eventually, schools will be reaching capacity.
Then there's the 99 year lease with SFA for Raguet Elementary. There's another fifty years on the agreement, but long range planning is a board's job.
"Although we don't have any plans at this point to build anything over there, to do anything with it, we could at some point. Either way, it's an investment in land. Of course, we all know real estate is one of the best investments we can make," Howarth commented.
NISD knows the value of property investments. Sitting right next door to a high dollar home, the quality being constructed in the area, is the school district's ag farm. "We could probably sale (it) right now to come close to buying this land," Howarth said.
The board has no plans of doing anything of the sort, just yet. Superintendent Rodney Hutto said in a statement that if the loop property doesn't fit the district's needs it can be sold. The location and acreage will make it valuable for any developer.
No immediate answer was provided when asked how much the property is costing. The land could be purchased during the Christmas break. The board is making its decision on the recommendation during Tuesday's board meeting.