When a school’s doors are closed for good, a building that cost millions to build can sit vacant and unused for years until it’s sold for a fraction of its worth.
The state of the economy, zoning laws and the institutional makeup of the structures all make schools a hard sell. And as long as the district owns the building, it has to pay for maintenance even if no warm bodies are moving through the hallways.
Doug Haring, a city real estate appraiser, said selling schools has become brutally expensive.
“Everything is a lot harder to do today, and that translates into more expense,” Haring said, referring to stricter zoning laws and municipal building code restrictions.