The board May 22 began the process of unloading the land, with a resolution detailing the requirements. The board will run a closed bidding process, with a set minimum price of $5.9 million, and a required security deposit of $250,000. All security deposits would be returned to unsuccessful bidders.
The bidding process opens June 24. Closing will take place within 180 days. The security deposit will become earnest money toward the purchase.
Lincoln-Way North High School was originally planned to be built on the site, but the board changed plans after securing a better location at 19900 S. Harlem Ave.