CPS: Buyers wanted for old school buildings

CPS headquarters moving to smaller offices to save money

Chicago Public Schools are still trying to find buyers for nearly 50 schools ordered closed last year; and it is costing the school system almost $2 million a year to maintain power, heat and repairs at those vacant buildings.

Out of 47 grade schools and a high school, developers have shown interest in only three properties; but city aldermen plan to meet with prospective bidders on seven others.

Charter school operators are forbidden from taking over any of the old public schools.

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