School District Developing Housing Subdivision

Trying to make the most of a real estate deal gone bad, a school district in North Carolina is building a new 88 home subdivision next to a new school.

1 minute read

July 27, 2007, 8:00 AM PDT

By Christian Madera @http://www.twitter.com/cpmadera


"For sale soon: ready-to-build, 88-lot subdivision in the booming Ballantyne area, where homes will ring a brand-new elementary school.

The developer? Charlotte-Mecklenburg Schools.

When talk turns to coping with growth, some say private developers should help build schools.

But a school district getting into subdivision development is unheard of, say a state school construction official and a spokesman for the construction industry.

CMS is building roads, clearing lots and installing utility lines for a subdivision it will put up for sale this summer or fall. The buyer will build houses surrounding an elementary school opening in August 2008."

Thursday, July 26, 2007 in Charlottle Observer

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