NORTH LITTLE ROCK, Ark.(KTHV) - The North Little Rock School Board is hoping a lower price will attract a potential buyer to one of its oldest properties, the nearly century-old Park Hill Elementary building.
In its glory days, Park Hill resident Stacy Hamilton said, the historic landmark was used to advance the communities education.
"We want the historic building to stay because it is an anchor for our neighborhood," she said.
Hamilton lives a few blocks from the vacant school. She and other members of the historic Park Hill neighborhood association have taken interest in potential buyers to assure the 1920's structure will be preserved.
"We want a good neighbor that is going to continue to support the neighborhood and we can support them and be a good fit for us," Hamilton said.
In 2015, the North Little Rock board approved an offer on the property but that agreement fell apart.
This time, North Little Rock School District Superintendent Kelly Rodgers said the board will vote to drop the building's appraised value from $2.5 million to $1.5 million.
"After almost 6 months they came back to us and said they were not able to find a suitable tenant, so they backed out of the sale," he said.
Rodgers said Park Hill is a very unique facility that would likely be designated as a historical property.
"It's a large piece of property. It's on the frontage to JFK Boulevard," he said. "We are standing at a staircase that's completely wooden and the rooms are very attractive."
The property has been added to the neighborhood's "Jump Start" program.
Hamilton said the program offers incentives to developers or business tenants.
"The purpose of it is to maintain the historic value and make it more walkable and pedestrian friendly," Rodgers said.
The school board will vote on the property’s listing price Thursday night.