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Lexmark Kentucky Unloads 22 Acres
of Land for $6.6M to Fayette County Board of Education.
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Fayette County Board of Education Makes Strategic Purchase of 22 Acres on Lexmark Campus. In a decisive move aimed at addressing future growth challenges, the Fayette County Board of Education has approved the acquisition of 22.2 acres of land located at 900 Newtown Pike for $6,621,000, matching its appraised value. This acquisition, finalized with Lexmark Kentucky, marks a significant investment by the school board to strategically expand its resources amidst a rapidly growing district.The decision, endorsed in a vote on Monday, underscores the board’s proactive approach in securing essential land for potential educational facilities. With the district facing substantial land constraints, the newly acquired parcel on the Lexmark campus presents versatile opportunities. It could potentially house future school facilities or even serve as a dedicated daycare center for Fayette County Public Schools (FCPS) faculty members, aligning with the district’s evolving needs and growth projections.
“This acquisition is a critical step towards ensuring our district remains well-prepared to meet the educational demands of our community,” remarked local board member, emphasizing the strategic importance of the purchase. The move comes as part of FCPS’s comprehensive facility planning efforts, aiming to optimize resources and enhance educational outcomes across the district.
The acquisition of this expansive tract underscores FCPS’s commitment to strategic investments that support its mission of providing quality education while adapting to the dynamic educational landscape of Fayette County.
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