All about business

USD 259 has closed on a deal to buy 127 acres southeast of Wichita for a new high school.

The district bought the property Friday on the southeast side of 127th Street East and Pawnee from Wichita developer Gary Oborny, of Occidental Management.

Oborny declined to release the purchase price. The district has said the price was $1.56 million.

USD 259 plans to build a high school on the property next year as part of its $370 million bond issue. The school is expected to be open by the 2013-2014 school year.

Oborny retained about 30 acres on the corner for a future commercial development. He says the property isn’t likely to be developed for another five years, depending on how fast housing developments pop up in the area, which is mostly rural.

“If it happens sooner, it happens sooner. I can’t imagine it will,” Oborny says.

More information about Oborny’s plans can be found here.

Source