MADISON, Wis. — The long vacant Malcolm X Academy in Milwaukee, part of a heavily criticized real estate development, will remain shuttered for all of 2014 and possibly 2015, Wisconsin Reporter has learned.
As officials for Milwaukee Public Schools and the developer, 2760 Holdings LLC, hammer out the final terms of the sale, the school district is set to make lease payments beginning April 1 on the school building to the developer.
The deal that one state lawmaker previously said “stinks to high heaven,” “is typical of that process,” according to assistant city attorney Thomas Gartner. “It could take a couple years for a developer to proceed with a project like that.”
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