School district receives six-acre gift | PostIndependent.com
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School district receives six-acre gift

JOHN GARDNERGlenwood Springs, CO Colorado

NEW CASTLE, Colo. Lakota Canyon Ranch Developers, LLC (LCRD) has donated a six-acre plot of land to the Garfield School District Re-2. The land is destined to be used as a site of a future elementary school in the Castle Valley subdivision.According to Re-2 Superintendent Gary Pack, the land was promised to the district more than five years ago by LCRD and they are just keeping their word.”They were good stewards of their work and did what they always intended to do,” Pack said.Pack said that the New Castle Town Council was partly responsible for the transaction as well, in that they supported the district in its anticipation of needing more lands for schools in the future.”There wasn’t plans for a school site in the original plat for the development of Castle Valley,” Pack said. “The district realized that, and had conversations with (town council) and they had thoughts on it during the first plat of the development. They supported our idea and facilitated the deal.”The six-acre plot sits adjacent to Castle Valley Boulevard in New Castle and is directly next to another six-acre plot donated to New Castle. Together, the town and school district envision a new elementary school and a park on the 12 acres, Pack said.Attorney David Myler, representing LCRD said John Elmore, who is the majority stockholder in LCRD, came to the agreement with the school district during the planning stages of Castle Valley to donate land to help in the needs of the growing school district.”They met with the district and their eyes were open to what the long-term needs of the district and town would be,” Myler said.An accurate price tag of the land is uncertain at this point Myler said, because it’s “unimproved” land, but LCRD was in the process of having an appraisal done.However, half-acre lots in the Castle Valley subdivision are selling between $150,000 and $200,000, according to Pack, making the donated property worth between $1.8 and $2.4 million.Myler said the gift should be tax exempt and is free to the district. The district doesn’t have any immediate plans for development, and it could be several years before a new school is built on the site.”It’s a great gift and is in a place where the district should be able to make good use of it,” Pack said.Currently the district has broken ground on the new middle school that will replace Riverside in New Castle but retain the same name. The old Riverside building will be refurbished and used as another elementary school. The new land is intended for future use.Contact John Gardner: 384-9114jgardner@postindependent.comPost Independent, Glenwood Springs, Colorado CO


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