The former Central National Bank building at 615 N Classen is being proposed as a candidate for the new home of the Oklahoma City Public Schools administrative offices.
The Oklahoma City Public Schools board unanimously approved Monday night entering into a purchase agreement for the building. The negotiated cost of the building is $2.3 million dollars with an additional $2.5 million expected in renovation costs, moving expenses and the purchase of new furniture.
The district will use $3.3 million in MAPS funding and request Tax Increment Finance (TIF) dollars to offset some renovation costs.
“The 615 N. Classen site is truly the best option for relocating the district’s administration building,” board chairwoman Lynne Hardin said. “ The site is centrally located for our families; it has the space to accommodate the staff and is cost effective. If it goes according to plan, we will spend $570,000 in district funds compared to a more than $6 million dollar estimated cost to the district to construct a new building.”
The next vote was scheduled for Tuesday by the Metropolitan Area Public Schools Trust, which oversees expenditures of the MAPS for Kids funds that will be used for the purchase.
“It’s about 40,000 square feet,” said interim schools Superintendent Dave Lopez. “From the reviews we’ve gotten so far, it looks like it has good bones and would lend itself to the open office arrangement we’re looking for.” The property is also within the downtown tax increment financing district, which allows the school system to use additional money from those tax collections for the purchase and any needed renovations.
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From the reviews we’ve gotten so far, it looks like it has good bones and would lend itself to the open office arrangement we’re looking for.”
Interim schools superintendent