Apparently, a developer wants some of the Druid Hills property in order to build an additional facility for the VA. That means jobs and tax revenue for DeKalb county. Taxpayers should very much support this deal.
Another suitor for DeKalb school land on North Druid Hills Road
The DeKalb County School District is again weighing whether to sell an unused swath of land near I-85, but the amount it might get has dropped considerably since the last buyer came shopping before the recession, say people familiar with the potential deal.
A real estate broker said officials are considering his proposal for an old high school site on North Druid Hills Road near Briarcliff Road.
The broker, Caldwell Zimmerman, said the Department of Veterans Affairs wants to build a health care facility, probably for outpatient care, on 12 to 15 acres, part of a larger property the school system considered selling to a commercial developer several years ago.
Zimmerman, who is with Colliers International, said the offer will be based on appraisals, but estimated the land is worth $800,000 to $1 million an acre.
“I’ve had a call back from the chief operating officer of the school system,” Zimmerman said. “He said they are discussing it.”
School board member Paul Womack is unenthusiastic about the possible deal. Womack, who chairs the board’s budget committee, said that from what he’d heard of the offer, it “grossly undervalued” the property.
The last suitor offered about 50 percent more per acre.
[Ed. Note: That would be the Sembler Co. Back when times were good. It will be a decade before land values recover to that level again.]