As if there wasn’t enough bad news regarding the School Development Authority’s profligacy and inefficiency, NJ Spotlight reports today that it requested a list of the real estate holdings of the government agency. Turns out that SDA owns 160 properties that it purchased for $50 million for schools it will no longer be constructing. (Here’s the list.)
SDA Head Marc Larkins called the properties “an embarrassment” and said just plowing the lots this past winter cost tens of thousands of dollars.
