Leading the school system of one of the most affluent communities in Texas has its perks, one of which is living rent-free in a multimillion-dollar home...
. District documents show the package included $45 million for land acquisition but did not specify how the acquired properties would be used.used for school building renovations, technology and buses rather than money used for daily operations such as salaries, maintenance and supplies.
The board was looking for reasonably priced properties near the average cost of homes in the district, according to Bonfield. “A house came up that fit the criteria that felt like it was a good prudent purchase, and so, we moved forward,” she said. Rockwood’s employment contract requires him to live in the district, which spans about 6 square miles. It includes Highland Park, University Park and a small part of North Dallas.The median sale price of a single-family home in University Park was $2.25 million in May, according to the Texas Real Estate Research Center at Texas A&M University and North Texas Real Estate Information Systems. In Highland Park, the median home was $2.3 million.
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