The Park Hills property
By Judy Clabes
NKyTribune editor
Kentucky Community and Technical College System (KCTCS) has rejected all five bids it received for two ‘surplus’ properties it offered for sale in Covington and Park Hills.
KCTCS advertised for bids in May and opened the sealed bids, as advertised, on June 23.
The rejected bids included a high of $3,000,000 from a Covington real estate company and a low of $1,150,000 from an individual in Covington, based on documents received by the NKyTribune through an FOI request.
The information was provided by Terri B. DeAtley, director policy administration and legal analysis in the Office of General Counsel for KCTCS.
Bids were received from:
Ashley Commercial Group
Edgewood
$2,340,000
CRG Residential LLC
Carmel IN
$2,000,000
Paul Darpel, Shawnee Development
Crestview Hills
$1,600,000
Joshua One LLC
Covington
$3,000,000
Anthony Zembrodt
Covington
$1,150,100
The “surplus” properties were the original Gateway Community & Technical College campus.
They include one at 1025 Amsterdam Road in Covington. It is about 22 acres with three buildings that contain about 8,500 square feet of classroom, office and shop space and four small storage buildings The back of the property has a “commanding, elevated view” of the Cincinnati skyline, said the advertised description of the property.
The other piece is located at 1030 Old State Road in Park Hills and is 3.9 acres with one building containing 34,800 square feet that is currently vacant and is adjacent to the first property.
The properties are deeded separately but were to be sold together.
KCTCS has not yet taken a “final action as to the disposition of the property,’ DeAtley said.
