CPS: Buyers wanted for old school buildings

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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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