Alhambra schools sell property for $2 million

The Pasadena Star-News is reporting that the Alhambra Unified School District sold an old transportation yard off of Main Street to a company that specializes in affordable urban housing.

The property, located next to Century High School, is zoned for residential development and had been on the market for three years, according to the Star-News. But despite needing funds due to state budget cuts, the district did not want to sell it during a housing slump. 

"With the state financial crisis being what it is we the board voted to sell the Marengo property," Board member Andrade-Stadler told the Star-News. "We hope to be able to spend the money to help the district help kids and parents. No decision has been finalized on how we do that, but the board is committed."

1 thought on “Alhambra schools sell property for $2 million”

  1. The current state of the housing market sales is currently on the slump but the district is committed to find ways to help this kids education and welfare. The financial crisis may impend this development but there are lots of available bank loans to help them fund this project.

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