Northeast tennis center sold by EPISD to real estate company Mimco for $3.1 million
The El Paso Independent School District has decided to make a sale worth millions of dollars.
The Board of Trustees made the call to sell the Northeast Tennis Center to Mimco, a real estate company, on Tuesday evening.
Mimco’s bid was for $3.1 million.
The board’s president Trent Hatch said the sale had to be done in order to make up for a budget deficit of $7 million due to declining enrollment.
“Unfortunately EPISD cannot hold this property any longer,” Hatch said.
“The value, the deficit, it’s a drop in the bucket based on the deficit that we have. We can use those dollars to educate and put towards programs in facilities where we have important needs,” said Hatch.
The district has also been selling other surplus properties it has in order to help make up for the deficit.
It’s sold four and has two other surplus properties under contract to be sold. The total for those properties is $3.29 million.
The El Paso Community Foundation made an attempt to purchase the tennis center to have it open for those in the Northeast.
It said the center meant more to the community than just a place to practice the sport.
“If the district were not backed up against the wall it might make a different decision today,” Eric Pearson, president and CEO of El Paso Community Foundation, said.
“Who knows? All I know is that our community is in a position of losing something that may be beneficial to the community at large and it’s more about dollars and cents.”
EPISD told KFOX14 there are other tennis centers that the public can use outside of the Northeast Tennis Center.
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