The Encinitas school district is putting its seaside Pacific View school property up for auction, after the district’s board of trustees rejected a $4.3 million purchase offer from the city, reported the U-T San Diego.
According to the newspaper report, district officials believe 2.6-acre property could be worth as much as $14.5 million if it was rezoned from public/semi-public-use to residential or mixed-use zoning.
Since closing as a school in 2003, proposals for development into housing projects to a community art center have come forward.
The city council will discuss the auction process at the January 15 closed session meeting.
To read the full U-T report go to: http://www.utsandiego.com/news/2014/jan/10/encinitas-district-to-auction-pacific-view/