LAUSD:$14 Million Albatross-Part 2

LAUSD owns 7.6 acres of land in the Santa Monica Mountains near Pacific Palisades. Appraised at $14 million, it is now for sale. Some local residents want to pool their money to buy it. They do not want it developed.

1 minute read

August 1, 2000, 2:00 PM PDT

By Gwen Hilburn

LAUSD has been renting a parcel of land it owns in Sullivan canyon to a private equestrian club for 22 years at a financial loss. LAUSD originally purchased the land in 1961 for school expansion on the westside. Local residents have fought the sale of the land; but LAUSD expects to sell within six months for up to $27 million.

Thanks to Gwenn Hilburn

FULL STORY: District to Sell Westside Parcel

Tuesday, August 1, 2000 in The Los Angeles Times

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