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$50 million deal for Philly schools involves selling vacant properties

by thenotebook on Oct 30 2013 Posted in Latest news

by Tom MacDonald for NewsWorks

A deal has been struck between the mayor and City Council to provide $50 million to Philadelphia schools. 

The compromise has Mayor Nutter signing Council's bill that makes $50 million available to the School District.  At the same time, the District will aggressively market vacant school properties with help from the Philadelphia Industrial Development Corporation to make sure that money won't have to be used.

Nutter says all available properties will be marketed on the Internet beginning next week.

"I think if we have a strong response -- all these expressions of interest, all the various entities have stepped up. I think the real issue is up on the site. Get your expressions of interest in ... check it all out, put your money on the table. Let's rock and roll," said an exuberant Nutter.

Council President Darrell Clarke says he feels confident that the properties will sell quickly.

Read the rest of this story at NewsWorks

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Comments (5)

Submitted by Anonymous (not verified) on Thu, 10/31/2013 - 08:10.

Okay... we got the money... now what? Does Hite have any plan to call back all the laid off employees. Is he heartless? All the counselors and assistant principals are still struggling without heath benefits and waiting to be called back. Where will these people go after after serving in the District for than 15 years? This is very sad....

Submitted by Poogie (not verified) on Thu, 10/31/2013 - 08:10.

Council has stolen the 1% sales tax that the legislature gave the schools.

Boo!!!

But they cannot use it for themselves and their DROP Benefits without state approval and maybe our savior Tom Corbett will mandate the 1% for schools.

Look how crappy our politicians are when Tom Corbett is more friendly to schools than the Philadelphia City Council. That is truly pitiful and it why we work in squalor.

This 61 million is a one shot deal if it happens. It is still dependent on finding a buyer to pay market rates. And since council in intent on selling the school buildings to fiends and relatives what do you think is the chance of them getting market rates is slim.

Plus they probably give $30 million to Mastery for some of them +high performing seats!

Submitted by Anonymous (not verified) on Thu, 10/31/2013 - 09:32.

Does this mean Mantua Community Improvement Committee gets its $300K in annual ransom from Drexel that Blackwell was demanding to allow Drexel to buy UCHS?

Submitted by Anonymous (not verified) on Thu, 10/31/2013 - 15:34.

Nowhere in the reporting at other newspapers have I seen an honest analysis of the odds that the District will actually be able to sell these buildings for the proposed price.

Data from around the country where other school districts have tried to sell old buildings suggests NO.

Submitted by linda (not verified) on Fri, 11/01/2013 - 15:55.

wasn't the quote last week in the article from the official 100 million?..whre did the other 50 million get to so fast?
Linda K
not a math teacher but can count to 100

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