HISD is asking $9,000,000 from the City of Houston. HISD purchased the land in the 1950s for $65k. They have a real estate option with the City of Houston for $9 million, but the city is only willing provide $4,000,000. The rest of the money must be raised by the community by 12/31/06 (option expiration date) or the property goes to the highest bidder. Timbergrove, Lazybrook, Old Timbergrove, Shady Acres,and Heights neighboorhood associations are very much involved in the fund-raising efforts. The residents just discovered that this land would be sold 2 months ago. Prior to that everyone believed that the City of Houston permantly secured the land based on what the civic clubs were told. The land currently appraises for $12,000,000, but HISD is giving the city a "deal." I personally do not agree with HISD charging the tax-payers $9 million for land that was bought with tax money to begin with. The Timbergrove civic club found out by accident while someone was attending an HISD board meeting.