It appears, from City Clerk Renata McLeod's draft minutes, that the city valuation of Person Field as a park is half the School Board's asking price:
"Mr. Gridley presented an update regarding the acquisition of Person Field. The field lot was originally split so that the School District could retain the old track, so it is not divided by a straight line. The history of the property include its 1995 land exchange for city land at Lake City High School and Lakes Middle School needed for a portion of land for accreditation. The District’s appraisal for the property is $655,000 ($4/sq. ft.) based on R-12 zoning density versus the Northsire Park and Eagles property purchases at $2/sq. ft. Based on these comparables, the City has determined a fair price for the land to be used as a public park would be $327,660 ($2/sq. ft.) as it will not be developed. Mr. Gridley stated that City tax payers are being asked to pay for public land that was paid for out of public funds, so it is a fairness issue." Full discussion here.