CONVENT, La. (AP) - A new appraisal of St. James Parish’s defunct Youth Center cut the value of the 37-acre juvenile detention facility by more than $1.2 million.
To arrive at his new value of $1.28 million, appraiser David R. Miles told the Parish Council this week that he completely devalued the facility’s buildings and included a $250,000 discount on the asking price so a future buyer could demolish them.
Miles had previously valued the taxpayer-funded complex at $2.5 million, but the parish has not had buyers make bids even after it had cut the asking price twice last year.
The Advocate reports (https://bit.ly/1IaRhCI) the Parish Council took no formal action on what to do next.
St. James Parish pays to house its youth offenders at a detention center in nearby Assumption Parish.
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Information from: The Advocate, https://theadvocate.com
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