The sale of the LBI Grade School isn’t expected to be final until its September 2023 closing date or at such time any of the buyer contingencies are met, whichever is later, according to the purchase agreement approved by a majority of the Long Beach Island Consolidated Board of Education.

CONTINGENCIES: The LBI Consolidated Board of Education agreed to work in ‘good faith’ to resolve ongoing litigation and help Michael Pagnotta obtain final preliminary site development approval, including a zoning change. (Photo by Ryan Morrill)

On Sept. 20, Fred Schragger, who represents Harvey Cedars, was the only board member to vote against selling the 1950s-era school to architect Michael Pagnotta for just over $14 million.