Monday, December 3, 2012
Lincoln University and Linn State Technical College said this morning they will purchase the Jefferson City High School complex and the Simonsen Ninth Grade Center.
LU will buy the high school and Simonsen for $8.39 million, using federal Title III money for the purchase.
An LU news release noted that Title III is “a part of the Higher Education Act of 1965 (and) provides grant funding to Historically Black Colleges and Universities for various purposes, including strengthening an institution's physical and academic resources.”
Linn State Tech will pay $1,711,365 to buy the Nichols Career Center.
Both purchases “are contingent on the construction of new facilities by the Jefferson City Public Schools,” the two higher education schools said.
Details of the purchases were announced at 10:30 a.m. news conference.