The Portland School Board on Tuesday night unanimously voted to execute a $16 million purchase and sale agreement for a building to house the Center for Black Student Excellence, about five years after voters first approved its creation in 2020.

The approval for the One North property in Albina, on 3506-3514 N Vancouver Ave. and 25 N Fremont St., is not a final authorization of sale. Rather, it marks the beginning of a 90-day due diligence period for PPS, where district staff and officials will be able to assess the building. Its sellers, Karuna Properties II LLC and Karuna Properties II West LLC, will not be able to sell the building to any other party during that time. The seller requires any transaction with the district close by Dec. 29.

Two buildings form the development, which was

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