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Poll: Is the Proposed Land Swap a Fair Deal for the Alameda Unified School District?

City of Alameda and school district officials announced a complex land swap deal this week that would see cash and property exchange hands. School district trustee Trish Spencer asked to see property appraisals for all of the land in question, to be able to do her fiduciary duty for the school district; AUSD Superintendent Kirsten Vital said that no appraisals are needed, that none are forthcoming, and that the shuffle is in the best interest of district and the students.

What do you think?

(This table was updated on March 1, 2014, at 9:00 p.m. to reflect an estimated value for the tidelands trust parcel, based on the March 2013 sale to Tim Lewis Communities of the next-door Encinal Terminals parcel for roughly $500,000 per acre.)

(This table was updated on March 9, 2014, at 8:30 p.m. to reflect a revised estimate for the two tidelands trust parcels, Assessor Parcel Numbers 72-382-9 (6.4 acres) and 72-382-10 (10.65 acres), for a total of 17.05 acres, worth a total of $8,525,000 at $500,000 per acre.)

City of AlamedaAlameda Unified School District
Grant for Encinal Swim Center Renovations$750,000Gives City of Alameda 6.4 acre and 10.65 acres Tidelands parcelsAUSD says no appraisal of value required. However, a next-door comparable, the sale of the Encinal Terminals site to Tim Lewis Communities in March, 2013, at $500,000 per acre would value these two parcels at roughly $8.52 million.
City grants AUSD 20-acre parcel at Alameda Point[AUSD says no appraisal of value required.]Gives City of Alameda 12-acre parcel at Alameda Point.[AUSD says no appraisal of value required.]
City/Housing Authority gives AUSD $1.2 million, of which $1.15 million is for Encinal Swim Center, and remainder for legal costs.$1,200,000Gives $4.6 million to City of Alameda/Housing Authority$4,600,000
N/AN/AGives City of Alameda/Housing Authority old Island High School site
0.8 acres
Appraisal not released by AUSD. Estimated to be worth $1.2 million
Total Cash$1,950,000Total Cash$4,600,000
Total Acres20 acresTotal Acres29.85 acres

Is the school district getting a fair deal in the proposed land swap with the City of Alameda?

  • No (38%, 14 Votes)
  • Yes (32%, 12 Votes)
  • Can't tell based on this information (30%, 11 Votes)

Total Voters: 37

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4 comments to Poll: Is the Proposed Land Swap a Fair Deal for the Alameda Unified School District?

  • Jeff Paterson

    I’d suggest that the “total cash” row skews the real question, which is total value of all the transactions. No appraisals are being released for the property swaps, and that is very unfortunate. However, the appraised value of these properties probably wouldn’t accurately reflect the actual value of said property to the current owning agency. A clear example is the Tidelands parcel. It might be worth $5,000,000 dollars, but it is worthless to AUSD if they can’t use it or sell it to the highest bidder.

  • Jeff – what would you suggest?

    I could easily add a “Total property” valuation row, but with no values to plug in there, it’s meaningless.

    All of the properties do have some value, to a buyer or recipient.

    If you buy a new car, your old car is essentially useless to you. So does that mean you give the old car away, because it no longer has value to you? Or do you put it up for sale at Kelly Blue Book value?

  • Carol Fairweather

    You are asking us to make a determination on data points defined by you. Results based solely on this information are meaningless. “Value” is more than just money.

  • Do tell – what data points should be considered then?

    In a cash and property deal, it’s pretty common to use the amount of the cash, and the value of the property, to determine the value.

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