Colton Elementary Sale Finalized

The East Ramapo School District completed their sale of Colton Elementary School to the Bais Malka Congregation and the Hebrew Academy for Special Children, who use the school as Yeshiva. District officials announced on Thursday that the $5.1 million sale was finalized after East Ramapo discussed the sale thoroughly with New York state education officials, and will generate income while freeing the district of liability for the property. The sale was postponed for a year and a half in 2011 when residents claimed the original price of $6.6 million was less than the property is worth. Education Commissioner John King allowed the sale to move forward, and earlier this year a judge ruled the district would deduct $1.5 million in rent credit due to the Yeshiva from the $6.6 million sale, making the final price $5.1 million. The district is hoping to sell Hillcrest Elementary School this year as well, recently authorizing it at a meeting. The building would be sold to long-time tenants Congregation Avir Yakov of New Square for $4.9 million. The previous sale of the property was cancelled when it was discovered the appraiser had accepted a $5,000 bribe from the Yeshiva to undervalue the appraisal on paperwork. If the sale goes through the district would have about $10 million in real estate revenue for the next school year.

Snow Closings Updated Regularly

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