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September 5, 2010 Broke LA School District building half a billion dollar school
It's actually a cluster of schools - K-12 - but still represents the most expensive school building project in American history.
Wall Street Journal: The cluster of schools is situated on the premises of the old Ambassador Hotel where the New York senator and presidential candidate was shot in 1968. The school district insists that it chose the site not merely for sentimental reasons, but because it was the only space available in the area and the property was dirt cheap. The people of Los Angeles voted for this bond issue so I suppose they are pleased with the way the school board is spending that money. Even if they aren't, it's too late now. The district has a debt of $640 million and has fired 3,000 teachers in the last two years. But hey! They've got talking benches so at least that's better than nothing, right? |
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