Redondo Unified School District’s Knob Hill property to go out to bid, again
The Redondo Beach Unified School District Board of Education Tuesday night tentatively moved to send the former school property at 320 Knob Hill out to bid. The Redondo Beach Unified School District Board of Education Tuesday night tentatively moved to send the former school property at 320 Knob Hill out to bid. The district hopes to garner new lease revenue from the site and has at least one interested bidder, Fountain Square West, a senior housing developer that specializes in assisted living facilities designed for residents with Alzheimer’s disease and other memory loss disabilities. “There’s been ups and downs [in regards to] interest in the Knob Hill property,” said RBUSD Superintendent Steven Keller. “Of late, there has been renewed interest.” The property was declared surplus by a district committee in 2007, at which time its appraised lease value was $1.1 million annually. The city formerly rented the property for $253,000 annually. Several factors – including the passage of Measure DD, requiring a citywide vote on zoning changes, and the subsequent collapse of the real estate market – have hampered the district’s attempts to find new lease revenue. 320 Knob Hill In 2010…
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