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School District Developing Housing Subdivision

Posted by: Christian Madera

27 July 2007 - 8:00am

Trying to make the most of a real estate deal gone bad, a school district in North Carolina is building a new 88 home subdivision next to a new school.

"For sale soon: ready-to-build, 88-lot subdivision in the booming Ballantyne area, where homes will ring a brand-new elementary school.

The developer? Charlotte-Mecklenburg Schools.

When talk turns to coping with growth, some say private developers should help build schools.

But a school district getting into subdivision development is unheard of, say a state school construction official and a spokesman for the construction industry.

CMS is building roads, clearing lots and installing utility lines for a subdivision it will put up for sale this summer or fall. The buyer will build houses surrounding an elementary school opening in August 2008."

Full Story: Transport policy needs to go off-road
Source: Charlottle Observer, July 26, 2007
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