The Montgomery County Board of Supervisors has agreed to sell the former Blacksburg High School property for $3 million to HS Development, LLC, of Christiansburg, Va.
HS Development, LLC will purchase the approximately 36 acres of property and existing structures as is, meaning they will hold sole responsibility of any and all demolition and development costs associated with the property.
“On behalf of the Montgomery County Board of Supervisors, and as Board Chair, I am very happy that we are proceeding with an offer that aligns with our primary goal of maximizing the value of the old Blacksburg High School property to reinvest in our children and in our schools. This sales price aligns with the appraisal of the property the County received in the fall of 2016,” said Chris Tuck.
“I want to thank the Board and the County staff who have spent a great deal of time making sure that we are good stewards of this former school property and the sale of it,” Tuck added. “Also, I’m looking forward to seeing what HS Development does with the property. They have a track record of being dedicated to our community and have a desire to find a creative solution as to how to proceed with developing it.”
The Board of Supervisors approved a resolution agreeing to a public hearing regarding the potential sale of the property to HS Development, LLC, at a regularly scheduled meeting on Monday, March 13, 2017.
Supervisor April DeMotts, District G, hosted a Listening Forum at the Blacksburg Recreation Center on April 1, 2017.
“This property is in the District I represent on the Montgomery County Board of Supervisors,” said Supervisor DeMotts. “I felt it was imperative that we allow the citizens ample opportunity to share their thoughts and opinions, which is why I held the Listening Forum.”
“Several of the citizens who spoke on April 1, shared my same desire to keep the property as a recreational resource for the community. I sincerely wish we could have come to an agreement with the Town of Blacksburg for the sale of this property. However, I’ve always supported the sale of the property at a fair price. I do feel that the sales price is in keeping with the appraisal the County received,” said DeMotts.
Following the Listening Forum on April 1, a public hearing was held on April 10, to hear comments from citizens on the potential sale of the Blacksburg High School to HS Development, LLC. Twenty-eight citizens addressed the Board during the public hearing.
HS Development, LLC, and its affiliated companies own more than $60 million in properties in Montgomery County. In 2010, Shelor Motor Mile introduced The Growing the Future Community Partnership, a community partnership between Shelor and local elementary, middle, and high schools in the counties of Montgomery, Floyd, Giles, Craig, Pulaski, and Radford City. In partnership with the schools and its programs, many opportunities for the schools are available to earn money and in return, help support programs in area schools. Shelor Motor Mile has given over $5.5 million since the inception of the program.