MISD to seek approval to purchase Ranchland Hills Golf Club for $9.5M District would use property for future school

Midland ISD school board will seek approval 06/24/19 to purchase land, Ranchland Hills Golf Club, for a future school site. Tim Fischer/Reporter-Telegram Midland ISD school board will seek approval 06/24/19 to purchase land, Ranchland Hills Golf Club, for a future school site. Tim Fischer/Reporter-Telegram Photo: Tim Fischer/Midland Reporter-Telegram Buy photo Photo: Tim Fischer/Midland Reporter-Telegram Image 1 of / 4 Caption Close MISD to seek approval to purchase Ranchland Hills Golf Club for $9.5M 1 / 4 Back to Gallery

Midland ISD will ask the board at tonight’s meeting to approve the purchase of the 116.89-acre Ranchland Hills Golf Club, which would be the site of a future school.

The district recently negotiated with Ranchland Golf Partners LLC, agreeing to purchase the property for $9.5 million.

Costs include current acreage and existing structures and buildings located on the property, according to the MISD board agenda.

RELATED: MISD seeks to purchase two apartment complexes for $3.2M

After the purchase is complete, the district’s plan is to lease it back to Ranchland Golf Partners for $1 per year, so the company can cease operations as a golf club and prepare for MISD’s occupancy by Nov. 1, 2020.

The funds are already budgeted, according to the agenda packet.