The Denver Public Schools board will consider replacing an administrative building with Pascual LeDoux Academy in the district’s 2020 lease-purchase structure, a financing arrangement tied to the sale and leaseback of several school buildings now under legal challenge.
The deed swap is part of a financial maneuver to sell the administrative property on Yuma Street in northwest Denver to pay for the acquisition of a Food Bank of the Rockies industrial facility at 10700 E. 45th Ave. It was the organization’s home for almost 20 years before it moved into a new facility in Aurora recently.
In June, the DPS Board of Education unanimously approved the $12.5 million purchase price along with $6.5 million more for improvements funded from the district’s 2020 bond reserves…