Stuck with more land than it needs, Broward County Public Schools is set to sell three properties for more than $10 million.
The school district has deals in place to unload three parcels totaling about 14 acres in Plantation, Fort Lauderdale and Oakland Park. It had purchased the land more than 10 years ago for future schools and parking lots. The money generated from the sales is expected to be used for maintenance and repairs of existing school buildings.
In the most expensive transaction, the district is selling a 12-acre Plantation site for $9.8 million to JAG Development Company.
District Superintendent Robert Runcie said more property sales could be on the way.
Source: The Real Deal
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