The former State Treatment and Rehabilitation Academy (STAR) has been sold, with a group of local buyers purchasing the property for the minimum bid of $2.34 million.
Local real estate agent Jared Carson, also the former mayor, made the bid on behalf of those purchasing the property. Three registered bidders were present at the auction, but no other bids were made.
After the meeting, Carson said there are plans to turn the campus into an ecologically minded, clean-air light industrial project that will not only provide an opportunity to bring new technology to South Dakota, but also provide a place for economic development in Custer County.
Carson declined to divulge the bidders he represented, but said they are local people who would prefer to not be in the limelight.
Carson also said, based on a conservative business plan, the new facility would create 100 to 125 jobs that would pay anywhere from $15 to $30 an hour.
Read the full story about the sale of STAR Academy in next week’s issue of the Chronicle.