City Councilman William Peduto today unveiled a plan to save the Pittsburgh Schenley High School building by selling and redeveloping the Reizenstein property in Shadyside.
Mr. Peduto said the 13-acre Reizenstein site -- a former middle school -- could sell for as much as $15 million.
He proposed selling it to a developer who would build houses, townhomes or apartments -- development that would generate an estimated $37.9 million in new school district taxes over 20 years.
He said the property sale and new taxes would provide much of the money needed to renovate Schenley. The school district has said Schenley needs $76.2 million in work, but Mr. Peduto today put the figure at about $40 million.
Pittsburgh Public Schools Superintendent Mark Roosevelt has proposed closing Schenley this month because of extensive maintenance problems. Mr. Peduto said he e-mailed Mr. Roosevelt a copy of his plan to save Schenley.