Seattle School Board Agenda Item: Buy the Federal Reserve Building

I did forget to mention this previously and an alert reader reminded me of it; there's a notation on the Board agenda for an Executive Session at the end of the meeting:

Executive Session: To consider the selection of a site or the acquisition of real estate – This closed session will begin at the conclusion of the regular Board meeting and last approximately forty-five minutes. The legislative session will not reconvene after the executive session, and no action will be taken as a result of the executive session. 
I believe this is likely to be over how much the district is willing to pay for the Federal Reserve building and land.  $10M? $15M? $20M?  I haven't seen any estimates of how much it is worth (given its condition and its landmarking status). The auction starts on Dec. 5th and continues until Jan. 28, 2015.  Opening bid is $5M.
The district, if successful, would buy themselves land and a building and, doing it thru auction, they also buy time.  All good things if you want a downtown school.
But then there's always the question - where's the money to buy it?  
The answer to that will NOT be non-voted bonds (unless Sherry Carr is going to walk around with her arm twisted around her back).  

BTA IV?  Doesn't get voted in until Feb. 2016 and that will be after this upcoming Superintendent vote AND elections of four of the seven Board seats in November 2015.  What will be the mood of voters by then?  It's one thing to fix up schools; it's another to be buying land and a building that needs heavy renovation.

Some kind of public-private partnership?  Sure did anyone step forward at any point when the district was trying to get the property for free? And now when the district needs money?  Good luck.

That leaves our old friend, BEX IVYup, I think some poor school and its project is going to get somehow rolled back or downgraded.  

Now since this is an "Executive Session" we won't know anything until the district starts bidding.  I can ask their upper limit but they are unlikely to say because they don't want to show their hand to other bidders. 


Anonymous said…
I cant wait to vote in a new board, the current set of clowns are impudent. Ms Peaslee should be removed from office ASAP for her lack of community engagement.

Ms. Peaslee please stop with your childish mannerisms and start meeting with your constituents. I know you said you are not running again and you have decided to punish everyone who turned against you over GHS, but trying to install Nyland?, is this how you want to be remembered.

Every move these folks make should be in daylight open to public scrutiny at every phase.

Why should we allow closed door meetings for anything the district does. This is insane and needs to stop. The corruption needs to end. Mr. English need to be fired for legal malpractice. SPS should not have lawyer client privilege. SPS should not be having legal round tables for special education. SPS legal should not be writing IEPs.

If the students want to march on issues they don't need to look across the nation for issues just look at their own district.

Wake up
How long has it been since she's had a community meeting?
Anonymous said…
I remember her having a community meeting very early last school year. It was before any of the Growth Boundaries meetings had begun. I don't know if she's had one since then.

- North-end Mom
Anonymous said…
Actually, I remember one other Peaslee community meeting last year, held at Panera Bread, back in Jan or Feb 2014, when the NW Center eviction was a hot topic. So, she held at least two meetings last school year.

- North-end Mom
Lynn said…
Her last two meetings on the board calendar were 9/5/13 and 1/25/14.
Anonymous said…
Will there be a Friday open thread?

Anonymous said…
Re money:

I've heard the Lincoln remodel to make it into a HS (BEX IV money, I think) has already been cut from the pretty pitiful 20 million to 10 million. (I might be wrong and it was cut from 40 million to 20 million, but I think it was cut from 20 to 10).

So there's your money - for something. 10 million to renovate that property doesn't go far at all. Seriously - 10 million? And that's supposed to be as good as Ballard or Roosevelt? Don't think so.

Really, really ought to build a fab and wonderful modern HS at Wilson Pacific/Licton Springs site (about the same as the cost of 2 schools scheduled for the land) and have the Lincoln building be a bigger middle school than HIMS bldg. (wouldn't be as expensive as HS renovation) and Hamilton be flipped to become the huge elem. school that is HCC in the north.

But a 10 million reno of Lincoln is a terrible choice - it will create a crummy school right between Roosevelt and Ballard.

Signed: Money Counts
Joe Wolf said…
The BEX IV budget for the Lincoln HS project remains at $20M.
Okay, Joe, any guesses where that money will come from to bid on the Federal Reserve bldg?

Popular posts from this blog

Tuesday Open Thread

Seattle Public Schools and Their Principals

COVID Issues Heating up for Seattle Public Schools