Buyer backs out of deal for Duval Schools headquarters

UPDATED at 4:40 p.m. Friday

The deal to sell Duval Schools’ headquarters building to local developer Chase Properties has fallen through, putting a hold on the district’s plan to buy a new headquarters building in Baymeadows.

Chase Properties CEO Mike Balanky tells Jacksonville Today that his company withdrew its offer after discovering undisclosed financial obligations that would have cost the company $6 million to $8 million…

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