The Omaha Public Schools board chose community over cash for the future of a century-old building known as the Yates Community Center.
On Monday night, the school board rejected a bid of $630,000 and approved a bid of $100,000 for the building near 32nd Avenue and Davenport Street in the Gifford Park neighborhood.
The board voted to declare the property as surplus and sell the building, valued in the range of $600,600 to $737,100, in June, and received two bids.
Elkco Properties offered $630,000, with the intent of converting the property into a senior living center that would maintain the current community garden and offer use of its community rooms for meetings, programs, lectures and social gatherings.
Yates Illuminates offered $100,000 with the intent of creating a community-owned space. The project has the backing of the Weitz Family Foundation, Gifford Park Neighborhood Association, the