1. dailynews

Property acquisitions by San Diego Community College are questioned

May 19, 2008
System often paid more than appraised value, investigation finds

The San Diego Community College District routinely paid more than its appraisals for property needed to expand campuses because it didn't act quickly enough when real estate prices were skyrocketing. Purchase prices exceeded appraisals in more than 70 percent of property transactions that stem from bond elections in 2002 and 2006.

Click here to read The San Diego Union-Tribune article.

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