Builder runs out of time on original Bristol property
Unable to obtain lenders, Eddie Bishop could not make a deal in time for the original Bristol school property at 730 N. Walnut St.
Missing the June 24 deadline cost the area builder his $20,000 cash deposit, not to mention “a lot of time and out-of-pocket expense,” he said in an interview this week. “But we knew that going in. That's the business.”
Still, he has not given up hope in the 1.1-acre property, for which he had conceptually proposed renovating an existing building into a small commercial center and eventually building townhomes. “I am working with a couple of groups and hope I might have something to take to the Board of Education when they meet in August,” he said this week.
Bishop's deposit, along with his agreements to pay an increasing amount for the site as time went by, had allowed him to retain its purchase option since fall 2009.
Now, according to Devra Ashby of School District 11, staff plans to “talk to the board in August “about how we are going to repurpose” unused district-owned properties such as 730 N. Walnut.
The Bristol School had been at 730 N. Walnut from 1891 to 1973, when the current Bristol was built two blocks to the north.
In recent years, the site had been the home of the Bijou School (alternative high school). But Bijou moved to the former Whittier school after the 2008-09 school year, and the site has been vacant ever since.
Westside Pioneer article