Council OKs Sale of Building to L.A. Unified
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The Los Angeles City Council gave final approval Tuesday to the $50-million sale of a Department of Water and Power office building to the Los Angeles Unified School District to use as a high school.
The terms and conditions of the sale include an option for DWP to lease back much of the building for up to 20 years to continue operating a water-testing laboratory and telephone call center.
DWP will pay the school district more than $3 million a year to lease space in the Sun Valley building for about 900 employees.
The district, facing a classroom overcrowding crisis in the northeast San Fernando Valley, hopes to complete much of the conversion in time for 900 students to begin taking classes in the four-story building next July. The building will eventually accommodate 2,500 students.
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