Parents trying to rescue a financially troubled private school in Los Feliz from foreclosure are selling the school's playing fields to a developer, an attorney for the school announced this week.
Century City Investments is in escrow to buy a 3.3-acre parcel from Los Feliz Hills School, a tiny nonprofit institution near Shakespeare Bridge on Russell Avenue. The developer plans to build 49 townhouses on the land.
Parents and administrators at the school say the $2-million land sale will help keep the school afloat. The school's future has been in jeopardy since last year, when it was without a director for months and its finances fell into disarray.
The school has an enrollment of about 180 children ages 2 to 18 and has been struggling to survive since 1984, when administrators broke with the Church of Scientology and church-affiliated parents withdrew their children from the school.