CHICAGO — Chicago Public Schools is looking to sell its headquarters and downsize its central office staff, district officials said.
District officials said by moving to a smaller location and out of its current central office on 125 S. Clark St., the district can save $2 million to $3 million annually.
“We are exploring every option possible to consolidate resources and reduce spending downtown so we can continue to invest directly in students and their education,” CPS CEO Barbara Byrd-Bennett said. “We can’t afford to keep throwing our limited resources at space we don’t need, because it is our children who will ultimately pay that price."
Some 1,090 school district employees work in the 500,000-square-foot headquarters, about 30 percent below 2009 levels.
The district is seeking a real estate firm to help it find a new headquarters.
If CPS can't find the right location, it will consolidate in the current building and lease out empty space, officials said.