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BREAKING NEWS

Elmore Academy sold again

By Staff | Jan 18, 2015

The former Elmore Academy has been sold again. And, plans are being made for it to reopen as an adult day care facility, sources say.

For the second time in a year, the facility that had previously housed the Youth Services International (YSI) owned academy for troubled youth has changed ownership.

The buildings, which once comprised the Elmore School system, were first sold by YSI in an online auction back in June of 2014.

The purchaser at the time was a company named Roxdell, LLC, from Pensacola, Fla.

Then, in October, the facility was once again put on the block and auctioned off online. This time the purchaser was a company from the Twin Cities area.

“Roxdell had purchased several of YSI’s buildings around the country in that June auction,” says Conn Walters of TransCon Auctions, the company which handled the most recent auction. “But, they were only interested in a few of the locations and Elmore was one of the ones they wished to sell again.”

The online auction ran from Oct. 14 to Oct. 16.

Walters had declined to identify the purchaser until all the papers had been signed and he received authorization from the purchasers.

However, the Faribault County Register has learned the successful bidder was Home Health Care, Inc., based in Golden Valley. Principals involved with the company are David and Roman Olshansky.

Purchase price, according to documents in the Faribault County Registrar’s office, was $181,500.

The Olshankys operate Legacy Adult Day Care at 800 Boone Ave. in Golden Valley which serves 70 clients aged 75 to 90 years old. They also operate other similar facilities.

Roman Olshanksy previously declined comment when contacted by the Register at the time of the purchase in October, saying it was too early in the process to release information about their plans for the facility.

However, recently the Faribault County Development Corporation (FCDC) released information at the Faribault County Economic Development Authority (EDA) meeting that FCDC is working with the new owner of the former Elmore Academy.

“The plan is to open a 90-bed assisted living facility in Elmore,” Linsey Preuss of FCDC told the EDA members last Tuesday afternoon. “The facility will take quite a bit of remodeling, however, and the owners are currently filling out grant applications.”

Preuss says she accompanied the owners on a tour of the other senior assisted living sites in the county recently.

“I also had a chance to look at some of their other facilities (in Golden Valley and Waconia) and they are very nice,” she added.

The Olshankys were not the only bidders for the property during the online auction last October, auctioneer Walters said.

“We had a lot of interest in the facility,” Walters says. “We had people from all over bidding and they had ideas for a variety of uses.”

The bidding was supposed to end at 2 p.m. on Oct. 14, but it lasted until 4 p.m. Unlike bidding on a site such as Ebay, this was an “active” auction where the bidding can continue once it has started, Walters explained.

The building that houses the Elmore Museum was not part of either sale, despite having been owned by YSI, Walters said. YSI had donated the building to the city of Elmore before the first sale had been completed.