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CMSD auctioning its headquarters
The Cleveland Metropolitan School District is doing a nationwide sale of its former headquarters in downtown Cleveland.

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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. 

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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. 

Listener Comments:

It's too bad that we have to sell the building.
I think it is a powersful statement that the community thought enough of the school district to have its symbol prominately placed downtown and in such a beautiflly designed building.
It will on the other hand bring in a great deal of money for the schools if the auction goes well.

Posted by: Lady J. (Cleveland) on December 12, 2012 1:12AM
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