Study looks at who purchases closed school buildings in Philadelphia, other cities
On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Commercial Real Estate on Feb 15, 2013.
According to a recent study of other urban school districts’ closures by the Pew Charitable Trusts, charter schools are poised to purchase abandoned buildings. In fact, the organization found that over 40 percent of cities’ closed buildings were being reused by charter schools. Although another common reuse of such buildings is housing, repurposing schools as commercial sites often doesn’t sit well with local communities, which feel a sense of ownership of buildings
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