Gary Schools gets bid for just one of 33 former school properties

The emergency manager who oversees the financially struggling Gary school district says only one of 33 closed schools has received an offer after being put up for sale.

The city of Gary bid $100,000 for the Benjamin Franklin Elementary School property, the Times of Northwest Indiana reported.

Gary Community Schools Corp. Emergency Manager Peggy Hinckley said the only offer made during the initial round of bidding was about $1.3 million less than the initial asking price.

Hinckley said no decision has been made on whether to accept the city's low bid. She said the district isn't in an emergency timeline and will "let the process play out." A second bidding phase will end Aug. 24.

The city hopes to use the property as part of a multi-use development that includes affordable housing.