Chicago Public Schools to sell 9 properties for $1.9 million
CHICAGO (AP) - Chicago Public Schools officials say they're selling nine unused properties for approximately $1.9 million.
The district said Thursday the properties include everything from vacant land to parking lots to buildings that it no longer needs and hasn't used for years.
Schools CEO Barbara Byrd-Bennett says the sale comes at a time when the district is facing "difficult financial challenges." She says the payment is significant and will eliminate nearly $70,000 a year in maintenance costs.
None of the sales involved schools that were closed two years ago.
CPS says the nine properties were sold to the highest bidder.
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