LONG BRANCH: A buyer interested in the Star of the Sea Annex is now reviewing the site with school district officials, assessing the condition of the building, officials said.
The latest development in the possible purchase of the Star of the Sea is the buyer and engineer reviewing asbestos issues the aging building has.
Board of Education Member Armand R. Zambrano, Jr. briefly mentioned the update in a facilities report at the September 18 school board meeting.
Previously, Superintendent Michael Salvatore said the purchase of the building could fall around $700,000, and that the buyer intends to renovate it as apartment housing, not demolish it. The analysis is one step before a formal offer and contract can be signed.
The district had previously attempted to solicit bids for purchase of the Star of the Sea Lyceum School, on the corner of Chelsea Avenue and Third Avenue, but failed.
The building is not used by the school district. It was an alternative school for Long Branch Schools but the district now rents space from Holy Trinity.
Salvatore said previously that the building, among other unused buildings in the district, would be sold off instead of rehabilitating them, due to the high cost of repairs.
The proceeds from the sales would then be used to offset the school district budget, said the superintendent.