Seattle Public School officials may have found the future location of the first public school in over 6 decades. SPS will enter an auction for the vacant historic Federal Reserve Bank building, located at 1011 Second Avenue in Seattle’s downtown. This is the first major step the board has taken towards opening a public school in the neighborhood since 1949.
Bizjournals reported that back in November of last year, the school board turned down a “free offer for the building” because the government gave a 3 year deadline for the school to be completed, plus the schooldistrict didnt have the $50 million it would have needed to convert the building into a school.
The school board members voted on Wednesday to bid on the building. The bidding is expected to start around $1 million. The public auction is set to close on January 28th. If the Seattle Public School District is successful in obtaining the building, they will then present it to voters next year in order to obtain money for the renovation.
image:preservationnation.org
START YOUR HOME SEARCH TODAY!– Set up your search criteria and alerts, to be the first notified of new listings.