Monday, August 03, 2009

S.F. school district's property portfolio

The San Francisco Chronicle reports:
In San Francisco, where a nothing-special square foot of dirt can carry a price tag of $200, the city's school district is sitting on a gold mine.

With more than 19 million square feet of property, the district is a major player on the city's Monopoly board with real estate holdings from Baltic Avenue to Boardwalk.
You want to read about the poor management of assets here. But, you shouldn't be surprised it's the nature of a monopoly to mismanage resources.