After over 40 years of occupying what is now the former South Pasadena Unified School District headquarters, located at 1020 El Centro St, the administration has finally made its move to their newly-christened site, quite literally, across the street at 1100 El Centro. On Tuesday, July 20, 2021, the South Pasadena Unified School District School […]
After a couple of efforts to sell its current office stalled, the South Pasadena Unified School District has taken out a loan to close escrow on the new building it agreed to purchase last year.
Meanwhile, the district announced it has entered escrow with a development firm that has tentatively agreed to purchase its longtime home.
The SPUSD Board of Education pulled the trigger on the loan last week, around a month after agreeing to modify its purchase agreement for the new facility, located at 1100 El Centro St. The district is borrowing $11 million, at 2.48% interest over 20 years, with an option for early payment after it sells its current headquarters at 1020 El Centro St.