City plans to buy, redevelop Wallace Elementary site

Catch up fast: Wallace closed in 2007 after the construction of nearby Carver Elementary School.

• A California-based Christian college purchased the property in 2012, but its expansion plans never materialized.
• The abandoned Wallace site was declared a public nuisance in 2015 and demolished two years later.

State of play: The property is being sold out of a sheriff's foreclosure sale, which grants the city the opportunity to place the first bid.

• The property is currently assessed at $113,000, according to the Polk County Assessor.

The latest: The council met Monday night in a closed session to discuss the maximum bid the city would be willing to make.

What's next: DSM will solicit community input for redevelopment ideas if it purchases the property, according to this week's council documents.