ALBANY -- Voters in the Albany school district approved a bond referendum during Tuesday's primary election.

Residents in the district went to the polls to vote on the nearly $17-million referendum with 1,272 yes votes (59%)  and 881 no votes (41%).
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The money from the referendum will be used to buy and renovate the former Albany Hospital into an early learning center. The cost to buy the property is about $400,000.

Besides renovating the existing building into 16 new classrooms the district would also build a new multi-purpose room onto the building.

With the referendum passing, a $150,000 home would be taxed about $5.75 a month for 20 years starting in 2023.


This Affordable St. Cloud Area Home Has Potential For The Right Buyer

The home, which is listed by Matt Wieber with Agency North Real Estate, Inc, was built in 1922, and as its states in the description "Here is your opportunity to make this north side home shine again. Some updates will go a long way to instantly generate some equity for an owner occupant, position an investor well, or maybe as an opportunity for your flip."

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