The St. Johns River will keep one of its long-time neighbors, at least for now.

The Duval County School Board voted unanimously Tuesday night against selling its Southbank headquarters and buying another building in the Baymeadows area.

The board rejected both proposals in separate 7-0 votes after discussing concerns about the structure of the potential sale.

Board member Cindy Pearson opposed the sale ahead of the vote, saying the payment terms didn’t make financial sense.

Under the proposed deal, the district would have sold the headquarters for $20 million, but would have received only $12.5 million immediately. The remaining funds would have been paid on the third anniversary of the sale’s closing date.

VOTE: What do you want to see replace the School Board building on Jacksonvill

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