How much does the District believe it can sell the Hubble property for?
Appraisals were obtained in 2002 and need to be updated as part of the Hubble Committee’s work. In the spring of 2002, we got two estimates, which ranged from $4.8 million to $10 million. The $4.8 million appraisal considered the existing building a negative asset because the asbestos would have to be abated before the building could be razed. The $10 million appraisal did not factor that in.
