Here is the setup via the Seacoast Echo:
The sale of the old Second Street Elementary property in Bay St. Louis has been slightly delayed, but the prospective buyers have put up $100,000 to sweeten the deal.
At a special meeting on Friday, the Bay-Waveland School District Board of Trustees approved an amendment to its commercial real estate contract with New Orleans developers Jim and Catherine MacPhaille.
The deal was expected to close on May 2, but the amendment extends the closing until May 20. School board attorney Ronnie Artigues told board members that the delay is necessary because the MacPhailles are in the midst of another real estate transaction.
Once again doing research on a topic leads me to a St Chas mansion via the Times Picayune social pages:
So these cats live in a multi million dollar mansion with a view of Audubon Park and yet they are jonesing on a $786,000 steal in the heart of Old Town Bay St Louis? After all these are the same folks that shelled out $2.45MM on a historic school in NOLA just for the heck of it.
Back to that story from the Echo circa May 2013. I hear the deal for between the MacPhailles and the School District still has not closed.
But alas I know we have peeps in the Slabbed Nation that know MacPhailles well because the Mrs pops up in the gosh dernest places such as Lycée Francais debacle. The Lens was all over that story as was Pistolette.
Alas Slabbed has another tree to shake.