District Sells School For $150,000
An article in today's Daily News reports the School District (that is you and I) have agreed to sell an unused school to a theatre group for $150,000.00. The terms of sale are a very generous five year interest-free mortgage to help the theatre society close the deal.
A Few Questions For Jamie Brennan:
- Is this anything close to market value for this property?
- What is the assessed value of the land and building?
- Was it appraised by anyone in the real estate business?
- Are there any seismic standards conditions attached to this sale?
- How much was the building leasing for?
- Why is this a better deal than continuing to rent the property?
- Is this a good deal for the taxpayer?
- If so, how?
And a final question: How can I (or other members of the public) find out about these fantastic deals and have a chance to bid on them ourselves!
ReplyDeleteJustyna
(sorry, I can't make it through the check-in at the bottom,that's why I post as Anonymous)