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TUSD board approves exchange agreement to pursue development of Hamilton site, pledges $10.63 million for nearby park and field upgrades
Summary
Trustees adopted a resolution authorizing an exchange agreement with Trumark Properties for the surplus Hamilton site; Trumark's initial offer was cited at about $64.5 million and the district committed up to $10.63 million to fund El Nido Park and about $10 million for softball upgrades at North High.
The Torrance Unified School District board on Monday authorized staff to finalize an exchange agreement and open escrow with Trumark Properties for the surplus Hamilton site, a long-discussed parcel in North Torrance.
CBO Keith Butler summarized a multi-year community process that included outreach with North Torrance Little League, girls softball and the neighborhood association. Butler said Trumark's offer to the district was…
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