KEY TAKEAWAYS:

Orleans Parish School Board sells four surplus properties for nearly $3 million

Historic Rabouin School in Warehouse District sold for $2.1 million

Other sites sold in Algiers , Lower Ninth Ward , and New Orleans East

Third auction attempt after earlier bids failed to meet minimums

The Orleans Parish School Board recently participated in a real estate auction in which four of its surplus properties – deemed not needed for educational purposes – were approved for sale by the board and sold to the highest bidders. The sales will collectively generate close to $3 million in capital for OPSB .

One of those properties includes the 87-year-old former L.E. Rabouin Memorial School at 727 Carondelet St. in the Warehouse District. The three-story, 58,000-square-foo

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