By an 8-1 vote, Wake County school board members agreed tonight to accept a bid of $2.61 million from a Raleigh developer for 10 acres of surplus property on Noble Road.
The purchase infuses some cash into an account being used to fund the 20-year lease on its consolidated headquarters in Cary.
The property in the Five Points area was appraised for more than $5 million in 2008. Wake schools officials said it's worth less than they had thought because of the slow real estate market and because it is zoned residential.
