Calabasas compensated for loss of new school

City receives $7.8 million after elementary campus is nixed

By Joann Groff
The city of Calabasas announced it received almost $8 million from a developer for a new elementary school that will not be built. Now, Las Virgenes School District officials say they aren't sure whether another campus is even needed.
The money came from New Millennium Homes as part of a December 2004 agreement to compensate the district for the loss of a potential school site within the developer's gated Oaks of Calabasa...

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