Six pieces of surplus real estate owned by the Orleans Parish School Board, including an art deco school building in the Warehouse District, will be sold at a fraction of their appraised price after the board narrowly voted to accept bids for the properties it received at a recent auction.
The properties, which include the 87-year-old former L.E. Rabouin Memorial School at 727 Carondelet St., will generate a total of $3.7 million for the cash-strapped School Board.
Earlier this year, the properties were estimated collectively to be worth more than $10 million…