Lawmakers had considered giving Indianapolis Public Schools a loophole to let them sell Broad Ripple High School at market value. A link has been sent to your friend’s email address.

Enjoy 10 free articles over the next 30 days. The sign outside Broad Ripple High School Tuesday, May 31, 2011.

(Photo: Charlie Nye/The Star)Buy Photo When Indianapolis Public Schools decided to vacate Broad Ripple High School at the end of this school year, the intent was to sell the property in what could be a lucrative sale.  A district report estimated the property on the corner of Broad Ripple Avenue and Compton Street could go for a price tag between $6 million and $8 million.  That plan looks to be on hold, though, after several well-known charter schools have expressed interest in moving into the building.  Interest from Purdue Polytechnic High School and Herron High School, popular charter schools and IPS innovation network partners, scuttled a plan that would have allowed IPS to sidestep a state law that offers up vacant public school buildings to charter schools for $1.  Rep. Bob Behning, R-Indianapolis, said he’s been in meeting with officials from IPS, Purdue Polytechnic and Herron about the future of the Broad Ripple High School property.  IPS did not respond to requests for comment Wednesday night.  More: See how students protested during the National School Walkout More: IPS will delay tax referendum until November Indiana law requires traditional public school districts with vacant school buildings make those properties available to charter schools before selling to other buyers.

Typically, charter schools have the option to lease or buy an empty school building for $1. The vacant buildings have to be listed with the state for two years before districts can look elsewhere for buyers.  Language carving out an exception from this law for IPS alone was added into a wide-ranging school finance bill two weeks ago.

District officials were hopeful it would pave the way for the district to score a lucrative deal on the property.  “IPS has been collaborating with legislators on House Bill 1315 to address the school buildings impacted by the recent high school closure decisions,” said Lewis Ferebee, IPS Superintendent. “For the past several years, IPS has taken very deliberate actions to be an efficient steward of tax payer resources. Read more from indystar.com…

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