Lake Oswego banks $400,000 from sale of former National Guard Armory
The city of Lake Oswego will receive $400,000 from the sale of the former National Guard Armory on South Shore Boulevard.
Council members last week agreed to release any deed restrictions and interests in the site, which Park Academy has been eyeing for its growing student population.
In exchange, the Oregon Military Department agreed to give the $400,000 to the city, along with $100,000 to Clackamas County, because of the way the military received the land about 50 years ago. At one point it was county property, but the county handed it over to the city, and the city then gave it to the military to use as an armory facility.
The roughly 23,000-square-foot armory building sits on just more than 5 acres of land. The military hasnt used it since near the end of 2010, around the time its former National Guard occupants moved to Camp Withycombe in Clackamas.
The plan is to sell the property to Park Academy for about $2.5 million, officials have said. The school intends to remodel the existing building and move operations there from its existing location on the Marylhurst University campus, between Lake Oswego and West Linn.
Park Academy serves students with dyslexia and other language learning disabilities from all over the Portland metro area. But since opening in 2005, the academy has come close to outgrowing its space, according to the school. At Marylhurst, it lacks its own gym, auditorium or library.
About 50 students in grades four through 12 were enrolled this past spring. In the bigger facility, the school could serve up to 120 students.
The new location could open as soon as fall 2014.
While Assistant City Manager David Donaldson suggested the council deposit the money into a capital reserve fund that pays for fire trucks and other public safety equipment, the council opted to leave it in the citys general fund, where it could be used for something else.Add a comment