COVENTRY TWP. A deal to purchase Lakeview School has fallen through following a Dec. 13 auction.
The auction, held by Kiko Auctions, resulted in the highest bid coming from Aleks Motryuk of Berea. At that time, he said his plan was to convert the building into housing.
Brooks Ames, who is a realtor and auctioneer for Kiko Auctions, said the buyers are in default of the contract.
“At this point, we are working with a few runner-up bidders to put a contract/deal together,” Ames said.
He said it is extremely rare for a situation like this to happen.
The auction drew a decent size crowd for the 1925 school building, which is in need of some renovations and repairs. The building served as a school until 2011 and then Coventry Local Schools moved its administrative offices into the building in 2014.
Last summer the district opted as a cost saving measure to move their offices into Coventry Elementary School and Coventry Middle School and to sell the Lakeview building.
“The district is disappointed that the original buyer has backed out of their obligation and the original contract,” Coventry Schools Superintendent Lisa Blough said. “As a result, the board and I are working with the district's attorney to determine if legal action is an appropriate path to pursue.”
She said the district continues to work with Ames and Kiko to consider alternative bids and proposals.
“We are hopeful that we will find a more reputable buyer to work with in the near future,” Blough said.