SAN FERNANDO VALLEY : L.A. District Offers 5 Closed Schools for Lease

Prompted by the specter of a massive budget shortfall, the Los Angeles Unified School District is attempting to generate much-needed revenue by offering for lease five closed schools in the San Fernando Valley.

Officials admit that the $250,000 that such leases might generate annually is a mere drop compared to the $400-million flood of red ink that the district faces next year. But "if you get enough drops in your bucket," an official in the district's real estate office said, "you get a full bucket."

The campuses--four elementary schools and one junior high--are on the western edge of the Valley, where additional classrooms are not expected to be needed for several years.

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