This Riverside home is directly on I-95. It’s ugly, on a noisy (okay, deafening) street and quite dated. Its original price was $920,000, its ( 2005 ) appraisal was $860,000, and it’s reported sold today at $560,000. I’m speculating here, but I’ll guess that the buyers are parents of young children who were willing to pay even that much because they wanted access to Riverside Elementary and Eastern Middle School, (plus, maybe., Tod’s Point.). In most towns, this place is a $100,000 house, at best.
But Greenwich no longer has an excellent school system and certainly not anything comparable to our competitors. Erecting a $29 million music studio at the high school will do little to correct this decline. We’re still better than NYC, where half the students are deemed “not college ready” and we’re certainly better than Syracuse, where only 1% of Spanish-American kids are, but those aren’t our competitors Westport, Darien, New Canaan – are, and we’re not doing a good job. Adding oboe rehearsal space isn’t going to cure that. I don’t know the answer to improving our schools, but I’m pretty sure building frills isn’t it.