Fairfield Suisun USD Land Exchange

Terra Realty Advisors, Inc. structured a three-party exchange on behalf of our client, the Fairfield-Suisun USD, with the City of Fairfield and Solano Transportation Authority (STA), Caltrans, and PG&E. Utilizing a surplus, closed school site (Green Valley), the district exchanged this property for approximately 8 acres of land surrounding their existing Laurel Creek Elementary School. This acquisition/expansion, along with a joint use agreement with the city on the surrounding community park, increased the size of this site to potentially convert the school to a middle school or K-8 configuration. The City simultaneously sold the Green Valley site to STA/Caltrans and PG&E for the reconfiguration of a major interstate freeway and expansion of natural gas lines serving the region. The city’s intent is to take the proceeds received from STA and acquire additional park land for a rapidly growing segment of the community. All parties benefited.