Sale Of CSD HQ Loses Luster

The idea of selling the Coeur d’Alene School District’s central office building lost some of its luster Monday when school board members were advised the building isn’t worth much more than the district paid for it. During their regular monthly meeting, trustees received a presentation from Brian Wallace, the district’s finance director, and a report from Superintendent Matt Handelman detailing the potential value of the building. The reports were created in response to Trustee Dave Eubanks’ request last month that school officials consider selling the property in order to replace $1.9 million moved, with board approval, from the district’s unrestricted fund balance account to cover a building project shortfall at Winton Elementary. The aging school was demolished and rebuilt using funds from a $32.7 million bond approved by voters in 2012. It was one of five schools that underwent major construction projects covered by the bond/ Maureen Dolan , Coeur d’Alene Press. More here.

Question: File under “Much Ado About Nothing” Department?