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.
