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District hires market analysis to value core sites; consultants say market, interest rates determine best reuse
Summary
The Hillsborough County School Board received a market assessment June 24 of several district properties and a description of the valuation method consultants use to estimate reuse value and revenue potential.
The Hillsborough County School Board on June 24 received a market assessment of several district-owned properties and a description of the evaluation method consultants use to estimate reuse value and revenue potential.
Andrew Wright of Franklin Street reviewed the firm’s methodology and principal findings. Wright said the review considered land use, surrounding market demand, and the “highest and best” development option for each site: examples included multifamily, hotel, office, townhomes or adaptive reuse of the existing…
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