The Fort Worth school district just sold these 8 properties for $21 million
The Fort Worth school district sold eight more properties for $21 million as part of the district’s plan to save money.
The school board voted to approve the sale of the properties at Tuesday night’s school board meeting. The eight properties include the district’s Central Administration Building ($5,212,854), the Metro Opportunity School ($3,571,527) and the former Adult Education Center and Original Young Women’s Leadership Academy ($2,736,650) at 1066 W. Magnolia Ave.
“We are moving forward with the precise plan the Board approved for the sale of outdated, inefficient facilities that no longer serve the needs of our children or educators,” said Superintendent Kent P. Scribner in a news release.
Officials will have time to vacate the FWISD Central Administration Building while they find another facility.
The eight properties sold were:
▪ The school district’s main administration building, 100 N. University Dr.
▪ An administration warehouse, 2901 Shotts St.
▪ Administration security parking lot, 3000 Shotts St.
▪ Service center and maintenance building and service center parking lot, 2808 Tillar St.
▪ Capital Improvement Program and technology building lot and maintenance additional office and lot, 2801 Cullen St.
▪ Metro Opportunity High School building, 2720 Cullen St.
▪ The vacant Magnolia Building, 1066 W. Magnolia Ave.
▪ Capital Improvement Program building, 2821 Cullen
The Magnolia property is under contract with Urban Genesis, LLC while the remaining properties are all individual contracts with Keystone Investment Opportunities, LLC.
On May 12, Fort Worth district officials approved the sale of four other properties — including a landmark former department store and community center. Farrington Field has still not been purchased.
District officials last year announced a plan to sell underused school-owned properties — including the 80-year-old Farrington Field — and build a new administration building and potentially two football stadiums.
At the time, officials said the sale of all of the properties could generate at least $60 million and lead to the redevelopment and re-purposing of 18,500-seat Farrington Field, which is among the biggest high school stadiums in the state.
This story was originally published May 26, 2020 at 8:37 PM.
