(KTVI) – The You Paid For It team spotlights a gamble that went bust by the financially troubled Hazelwood School District. This gamble cost the district more than $2 million dollars.
The school board bought land for a proposed new school and another school project. There were two parcels one costing $1.6 million with 75 acres and a 17 acre plot of land that cost $630,000.
But the school projects never materialized and so the land has just sat vacant. School Officials hope to sell the land.
Missouri State Representative Keith English from North County says the district has made a number of financial mistakes that wasted your money. He says the land deal was one of them.
Hazelwood is facing a raft of problems brought on by a plunge in property tax revenue.
But the St. Louis County Assessor Jake Zimmerman says the Missouri Legislature shares the blame for the financial trouble facing Hazelwood and other North County school districts.
He says the legislature was supposed to give the districts more money, but it never did.
Zimmerman warns of bad things to come for taxpayers, if a solution isn't found soon.