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Schools to Reap $61 Million by Selling Buildings in Phila.

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Mayor Michael Nutter agreed last week to a Philadelphia school funding plan that hinges on selling millions of dollars worth of empty school buildings.

The district plans to post its inventory of more than 30 shuttered buildings on its website next week and start seeking bids on the properties, Mr. Nutter said.

The announcement ends a long political standoff with the city council over the best way to fund the $50 million the city had promised the schools, part of an effort to dig the district out of a $304 million deficit.

Vol. 33, Issue 11, Page 5

Published in Print: November 6, 2013, as Schools to Reap $61 Million by Selling Buildings in Phila.
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