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PROVO, Utah (AP) -- Joaquin Elementary has been sold for six-point-five (M)million dollars.
Provo School District sold the school yesterday to developers -- and profits from the sale could end up in teacher's pockets.
Orem developers ArrowStar offered the best bid among several offers. Provo Education Association President Lynda Westover says they're delighted but it will still take several months to process the sale. She says they're hoping at the end of the year to see a one-time bonus for teachers.
Classes were dismissed for good last spring at the elementary school, which was built in 1938. The school was in disrepair and district officials determined it would be cheaper to sell the building and land and send the students to other schools.
(Copyright 2005 by The Associated Press. All Rights Reserved.)