Quaker Valley could buy Edgeworth, Leet land for $7.5 million for new high school
Quaker Valley School District intends to purchase land in Edgeworth and Leet Township for up to $7.5 million with a plan to possibly build a new high school.
School leaders on Tuesday entered into a sales agreement with Three Rivers Trust to purchase the property. Under the name Three Rivers Trust, Thomas Tull, the founder of Legendary Pictures and partial owner of the Pittsburgh Steelers, purchased the property in November 2015 from Harlan and Cynthia Giles for $5.5 million, according to Allegheny County real estate records.
“By signing this agreement of sale, the district now has the ability to enter upon the property to conduct all necessary tests and inspections to determine, in its sole discretion, whether the property is suitable for its contemplated use as the site for a new high school facility,” Quaker Valley board President Sarah Heres said in a statement.
The district publicly has discussed options for a new or renovated high school for the last several years. Its current high school is in Leetsdale.
“The way the district intends to afford this project is through long-term financing similar to how it has with other building projects,” finance director Scott Antoline said in a statement. “The costs associated with building a new school would be separate from the proposed operational budget for 2017-2018. Any project cannot force tax increases beyond the index or qualified exceptions, unless through voter referendum.”