Editor’s note: This story has been edited to clarify the negotiations process.
The Thompson School District has agreed to move forward on negotiations with Loveland Protestant Reformed Christian School to buy the former Ferguson High School building.
The Board of Education approved a resolution Wednesday authorizing the district to go ahead with negotiating contracts for the sale of the property, 1101 Hilltop Drive, and authorizing district officials to execute contracts and counterproposals for the sale of the property.
The resolution states that, after a competitive selling process, the district has agreed to negotiate with the Loveland Protestant Reformed Christian School up to $4.5 million for the 47,574-square-foot building and 3.5-acre property just south of Eisenhower Boulevard between Taft and Van Buren avenues.
The resolution allows the district to move forward to negotiate a contract and details of the possible sale.
The district listed the building for sale in October of 2019, initially asking $5.95 million. Todd Piccone, the district’s chief operations officer, said the decision to accept a lower offer was based on the current market value versus what it was when listed and the desire to “get it off the books,” which means no longer paying maintenance costs for the building.
The Thompson School District bought the property in 2008 for $2.25 million from Immanuel Lutheran Church, which built the sanctuary in 1958 and added education wings over the decades after opening its first school in 1977. Immanuel Lutheran’s church and school moved into a new facility in north Loveland in 2008.