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Fate of Palm Beach, Fla., Public School Is Uncertain.

By Marc Freeman, South Florida Sun-Sentinel Knight Ridder/Tribune Business News

Dec. 1--PALM BEACH, Fla.-- The future of the town's only public school is a tale of its two historic campuses and an expensive piece of real estate.

Palm Beach Public elementary's 2.4-acre east campus will close after this school year so contractors can build a $13.1 million, two-story replacement that preserves the original 1921 schoolhouse building.

But on the other side of Cocoanut Row, the fate of the .74-acre west campus is unclear. That two-building campus,

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