The Wentzville School District has announced the purchase of 108.9 acres located at the northeast corner of W. Meyer Road and N. Point Prairie in Wentzville. The District entered into an agreement on June 28, 2017 and has completed the due diligence process, confirming that the property will meet the District’s needs to build on the site. Closing is scheduled for the week of November 27th.
The purchase price of the property is $3,906,473 (approximately $35,860 per acre) and will be funded with revenue from Proposition E funds – which was passed by voters in April, 2015 – as well as District reserves. The land has an appraised value of $4,357,659 according to the Westover Group. “We are very pleased with the purchase price, given the appraisal and the growing challenge of finding suitable sites that are large enough for a school at a price that is fair for our stakeholders,” said WSD CFO Pam Frazier.
The Board of Education voted in September to place a no-tax-increase bond issue on the ballot in April to address the District’s growth. The District continues to be the fastest growing district in the state in the 21st Century, adding over 1,000 students over the last two years. A number of items were proposed at that September 12th work session, including a new high school and a new elementary school, but the Board requested additional time to review and prioritize proposed projects before voting on what specifically what will be placed on the ballot. There is a follow-up Board of Education work session scheduled for December 5th at the District’s Administrative Center.
This year, the District opened two new elementary schools and moved from K-5 to K-6 elementary buildings as part of the K-6 Plan for Growth designed to relieve overcrowding at three middle schools without asking voters for a tax increase. The WSD is now the 11th largest school district in Missouri with over 16,380 students enrolled in grades K-12.