Middle school sale complex
The sale of Kingsbury Middle School has provided Douglas County residents with some idea of what it’s like to put a large commercial property on the market at Lake Tahoe.
The school was built 40 years ago for $1.6 million to deal with the then-burgeoning population at Lake Tahoe.
Construction of the school was beset by problems, according to The Record-Courier’s reporting at the time, culminating in a stop-work order from the TRPA.
The school opened pretty much right when enrollment peaked at the Lake. The Douglas student population at Lake Tahoe has been dropping for decades.
The district put the school up for sale for $4 million in 2012, in the hopes that money would help defray some of the costs for improvements to other schools.
It took four years for someone to come forward with a $3.125 million offer, and a year later, that deal is still not completely sealed.
We’re not sure what people thought was going to happen with the school. There’s still plenty of commercial space available at Stateline, but there’s definitely a shortage of rental property at the Lake.
Last week, representatives of the Nevada Rural Housing authority said 1,300 households in Douglas County are paying more than 50 percent of income in housing costs.
That sort of information makes it more likely a developer would purchase a large structure like Kingsbury Middle School to convert into apartments of some sort.
But we’re not surprised neighbors of the school are protesting the conversion. We’ve seen people protest having a church in their neighborhood. So the proposed 410 units could house nearly 1,000 people based on average occupancy rates.
That’s a big increase for any Douglas County neighborhood. The irony is that if there were that many units of apartments available at the Lake, the school district might not have had to close Kingsbury to begin with.