Wake County school board members and administrators are stressing the potential financial savings from moving the district's HQ from Raleigh to Cary.
As noted in today's North Raleigh News article, the estimate is the move to consolidate most of Wake's admin space to Crossroads Corporate Park will save $29 million over 20 years. In addition, most of the savings, around $20 million, would come in the next five years by selling three buildings, including the main admin building on Wake Forest Road.
"It's a good professional deal that will save the taxpayers money during a difficult time," said Chris Malone, chairman of the school board's facilities committee.
The savings are being stressed amid criticism about the financial cost of decisions such as abandoning the Forest Ridge High site.
The board had voted in November to hire the Grubb & Ellis commercial real estate advisory firm to do an analysis of how to handle the district's administrative office needs for the next 20 years.
The firm presented a report in March to the board's' facilities committee saying that leasing one location to consolidate all the office space would be cheaper than maintaining the current buildings, buying a new building or building a new facility.
Asst. Supt. Joe Desormeaux said they were able to take advantage of the current real estate market to get very favorabl lease terms to expand its office space at Crossroads.
Click here to view a PowerPoint presentation presented to the board in April about the benefits of consolidation.