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Education Monday, December 10, 2012 CMSD auctioning its headquarters The Cleveland Metropolitan School District is doing a nationwide sale of its former headquarters in downtown Cleveland. Story by AKILAH PORTER |
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In The Region: The Cleveland Metropolitan School District is auctioning its downtown headquarters on March 7.
The building, located near the new Medical Mart and Convention Center, will be nationally marketed with the possibilities of becoming a hotel, high- end residential development or offices.
David Browning is the managing director for CBRE Cleveland, a global commercial real estate firm. He says there aren’t many drawbacks for bidders seeking to purchase the old school headquarters. He says that businesses have been interested in this location for a while. |
There have been stories about people who’ve really wanted to make something happen with this. The school district was not of the mind to consider any of those alternatives until they went through the process they’ve been going through over the past year and a half.
According to Ohio law, school district properties must first be offered to area charter schools. If there is no buyer, then it can be auctioned and the Board of Education will have final approval of the sale. |
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