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District told some surplus lots have low market demand; larger corner parcel and Kolb Annex discussed as possible revenue sources
Summary
A Century 21 agent told the board many small in‑city lots the district owns average $13–15k and sell slowly; a larger 6‑acre parcel near the river could fetch substantially more depending on zoning, while selling Kolb Annex would not immediately solve near‑term budget pain because the district owes more than current valuations.
The Beloit School District discussed using property sales to generate one‑time revenue as part of a package of budget responses. Dr. Anderson said the district owns several small lots accumulated over time and asked a local real‑estate agent to assess marketability and likely proceeds.
Mike Marquette of Century 21 told the board most small, inner‑city lots are valued roughly $13,000–$15,000 and tend to sell slowly; in the prior year only about…
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