Three Million Dollars . . .

per acre: the acquisition cost of the Hoover Elementary property for use by City High.

The going rate for property for development is something closer to the neighborhood of thirty thousand dollars per acre.

$3,000,000

$30,000

Those extra zeros are a lot of money to pay for land for a parking lot.

Those extra zeros are a lot of money to pay for land for athletic fields.

Those extra zeros would pay for a lot of air conditioning.

Chris has more reasons to reconsider the retirement of Hoover here and here.

 

Update: follow up post: Three Million Dollars Explained.

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One thought on “Three Million Dollars . . .

  1. Karen W Post author

    Note: Master facilities planning documents put replacement value of a school at $14.5 million plus $0.5 million to demolish Hoover Elementary.

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