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Real estate committee outlines options, costs and timeline for closed-school properties
Summary
District staff outlined the options, legal steps and likely costs involved in retaining, leasing or selling closed-school sites and emphasized the district’s obligations for maintenance, security and remediation while properties are in district possession.
Granite School District’s real estate committee gave the board a detailed briefing Feb. 18 on the disposition and management of closed-school properties, the legal process for declaring property surplus, and the range of costs and timelines the district faces when a building is taken out of instructional use.
Todd (committee lead) described three broad options when a facility is closed: retain the property for district use, lease it to an outside party or declare it surplus and sell it. He said the committee evaluates building condition, market value, legal and permitting constraints, and long-term demographic projections when weighing options.
Todd told the board that statute requires the district to notify local jurisdictions if it intends to declare property surplus; municipalities then have up to 45 days to indicate interest…
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