Developers snag Ventura school district properties for housing redevelopment
The Ventura Unified School District is selling off surplus land in a deal that secures housing for district employees. The district approved separate deals to sell two properties for a combined $47.3 million while ensuring the construction of approximately 50 homes for its workers, KTLA reported. The first deal calls for City Ventures to acquire the former Washington Elementary School site at 96 Macmillan Avenue for $8.3 million, plus potential future payments. The property, just south of Main Street in Ventura, is planned for affordable housing with priority for district employees, though the homes will be privately owned and subject […]This article originally appeared on The Real Deal. Click here to read the full story.
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