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JT Settles Lawsuit with CenterPoint, Allows District 204 to Plan for Growth

Joliet Township High School recently purchased 80 acres of land, allowing the school district to plan for future growth. The property, located at the southwest corner of Rowell Avenue and Manhattan Street, is located within the Village of Elwood.

“In eight to 10 years, when the economy recovers, we will be prepared,” said Assistant Superintendent for Business and Personnel Richard Pagliaro. “There are areas in the north and southeast portions of our district that have a high potential for housing development.”

The land is valued at $17,500 per acre; however, a settlement with CenterPoint allowed the district to purchase the land at $8,700 per acre. “It was a fiscally responsible purchase,” said Pagliaro. “We are a district that looks ahead and plans for the future. The purchase enables us to be proactive, not reactive.”

The district has also accepted the option to extend the previous lease on the land to tenets that will use the land for farming purposes. Leasing the land will generate revenue for the district.

JTHS has a track record of fiscal responsibility and was recently honored by the Association of School Business Officials International (ASBO) for over 25 years of participation in the Certificate of Excellence in Financial Reporting (COE) program. JTHS was one of 59 school districts throughout the nation receiving this honor.

As a COE recipient, JTHS is recognized for the demonstration of credibility, confidence, transparency, sound fiscal management and professional growth in relation to financial reporting.

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