Just under 24 hours after a majority of voters in five Long Beach Island communities rejected a $7.68 million referendum to renovate the LBI Grade School in neighboring Ship Bottom, Surf City officials authorized its attorney to rescind a $3 million cash offer to purchase the Ethel A. Jacobsen Elementary School.

“It’s over,” Mayor Francis Hodgson said immediately following the Dec. 11 Surf City Borough Council meeting, in which he opened the public forum prior to the governing body and its…