The Dallas Independent School District wants to spend $46.5 million on a 16-story building that would enable the school system to house all its administrative functions in one location.
The Dallas Business Journal reports that Dallas Superintendent Michael Hinojosa will bring the purchase proposal before the school board this week.
Acquisition of the 387,000-square-foot NCX building would enable the district to bring together its administrative personnel, who now are scattered at more than 20 locations throughout the city.
Hinojosa projects that the consolidation would save the district $3.8 million in the first two years, $13.1 million by 2020, and $27.7 million by 2021.
The district already leases space in the NCX building for its human resources and information technology departments.
The money for the building and the reorganization would come from $25 million the district has reserved for a new building, savings on leases at the proposed site, lease payments from existing tenants at the site, the sale of properties that would no longer be needed, and district reserve funds.
Video from CBS DFW: