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Cape Town explores property sale for low-fee school in Retreat
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Cape Town ETC
The City of Cape Town is contemplating the sale of a property in Retreat with the goal of establishing a much-needed low-fee school in the area, Cape {town} Etc reports.
This initiative comes in response to confirmed demands for additional schooling capacity by the Western Cape Education Department, highlighting an urgent requirement for educational resources in the community.
The City will weigh the property’s market value along with the social return it promises to deliver, verifying the community benefits outlined in the proposal.
The criteria for disposing of properties below their market value are articulated in the Council’s Policy on the Management of Certain of the City’s Immovable Property.
The proposed low-fee school stands to change the educational landscape in Retreat, promising to address the critical lack of resources in the area.