Thank you for sharing!

Your article was successfully shared with the contacts you provided.

TACOMA-Local school district officials intend to buy a 50-unit apartment complex to make way for more students at Stadium High School.

Tacoma School District board members have given the go-ahead to purchase Broadview Apartments for $3.6 million, according to the agreement hashed out this week. Officials also have the option of eminent domain, should that agreement not be honored by apartment owners. The 50,000-sf apartment complex is located at 506 Second St., adjacent to the school’s technology annex.

Current plans call for a gym and a performing arts center to be built once the apartments have been bought and demolished. Construction on the project, estimated to cost $85 million, is scheduled to begin in 2004 with completion in 2006.

The district will allow apartment dwellers three to four months to vacate the building, beginning Aug. 1. Funds for the purchase will come from a $450 million bond approved by school district voters in 2001.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.