Vote Kick-Starts Significant Property Transfer With Four Partners

Akron School Board Votes to Approve Purchase of 10 N. Main
Posted on 03/30/2018
Image of Approved StampThe Akron School Board has taken action to formally begin a significant exchange of property with the City of Akron, Summit County and the United Way. The board voted Thursday, March 29, in special session to acquire the SummaCare Health Building at 10 N. Main St. The building will serve as the new administrative offices for Akron Public Schools (APS).

The agreement ties together projects designed to bring benefits to the parties involved and improve a west side neighborhood and downtown parking.

What the Akron School Board vote puts into motion: 
  • The city will deliver to the school district a parcel at 10 N. Main for the school district's use as parking for its soon-to-be administrative headquarters in the office building that, up until now, has been used by SummaCare Health Insurance.
    • In return, the school district will turn over to Akron the former Perkins Middle School property and the former Crosby School property for its future development, including the construction of 90 single-family, market rate homes on the former Perkins site. This development, made possible through the city's new residential property tax abatement program, will be the largest single-family market rate housing development in Akron in two decades. Akron will land bank the Crosby site until the best future use is determined.
  • The county will deliver to the school district the surface parking lot on North Broadway across from the APS administration building; APS plans to dispose of its properties either by sale or auction following all legal requirements for the process. 
    • In return, APS will deliver to Summit County the surface parking lot at its headquarters at 70 North Broadway; the county plans to combine this lot with the adjacent Sojourner Truth Building to provide additional parking.
    • United Way of Summit County plans to acquire -- from the county -- the Sojourner Truth Building and the surface parking adjacent to it for use with its new headquarters when it moves from its current location at 90 N. Prospect.
APS is purchasing the SummaCare building to consolidate administrative offices currently in the Conrad C. Ott Building in Firestone Park and in the Sylvester Small Building at 70 N. Broadway. APS expects that moving from two sites into one will save the district $1.3 million per year.

That savings will go toward repaying the debt issued for the purchase.
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