School District has deals to sell several schools

Lauren Williams's picture
Monday, March 3, 2014

The Philadelphia School District is close to deals on several of its recently closed buildings, officials said Wednesday.

Four buyers would scoop up the properties, netting the district about $25 million - well under the target it must meet to cover the city's $50 million outlay that helped schools open on time last fall.

If approved by the School Reform Commission, Douglas High School in Port Richmond would be sold to Maritime Academy Charter School. Shaw Middle School in Southwest Philadelphia would go to Mastery Charter School.

Alexander Wilson Elementary, also in the Southwest section of the city, would go to Orens Bros. Real Estate Inc. for a mixed-use residential and retail development.

Read more