Today, City Council passed their plan for vacant school sales: they will give the Philly school district $50 million from the general fund, in exchange for the right to sell off vacant schools. Once they have made at least $50 million from school sales, they will give the remaining buildings back to the school district.
It looks like, against Mayor Nutter's wishes, City Council will transfer $50 million to the needy school district, in return for the transfer of all vacant schools to the Philadalphia Authority for Industrial Development. PAID will manage school sales, up until it makes back the $50 million given to the school district. After that, the district can have the schools back.
Below, check out City Council President Darrell Clarke's tweets laying out his position on school sales.
Instead of borrowing + paying $10M in debt, we can sell empty school buildings + raise revenue for #PhillyEd. No good reason not to do it.— Darrell Clarke (@Darrell_Clarke) October 3, 2013
When there's an opportunity to not stick our hands in taxpayers' pockets we should seize it. That's our #PhillyEd property sales plan.— Darrell Clarke (@Darrell_Clarke) October 3, 2013
Walter Spencer of anti-#PHLAVI Crosstown Coalition: City could recoup well more than $50M from bldg sales. Supports #PHLCouncil bill.— Darrell Clarke (@Darrell_Clarke) October 3, 2013
Alan Domb, Greater Phila Assn of Realtors: We visited all 36 empty schools for sale. City-certified OPA values inaccurate. #PhillyEd— Darrell Clarke (@Darrell_Clarke) October 3, 2013
· Phila. Lawmakers Snub Nutter-Corbett Plan For Funding City's Schools [CBS Philly]
· City Council's New & Different Plan for Selling Vacant Schools [Curbed Philly]