Whittle School

[Anonymous]

That link is interesting but doesn't really address who is financing the $185M in renovation. To be clear, the article puts a valuation of $110M on the real estate but says that Whittle is putting $185M into renovating it (which seems preposterous).

No rational investor seeking financial return is going to put up $185M for a school renovation. It's absurd. Again, near as I can tell, they don't even own the building. So if they don't pay their rent, they lose the money. There is no way that the building landlords ponied up $185M in tenant improvement money.

The money absolutely had to come from someone motivated by something other than a financial return and that has the deepest of deep pockets. Hard to see this as someone other than a nation state or quasi-government investment arm.

[Anonymous]

Anonymous wrote:That link is interesting but doesn't really address who is financing the $185M in renovation. To be clear, the article puts a valuation of $110M on the real estate but says that Whittle is putting $185M into renovating it (which seems preposterous).

No rational investor seeking financial return is going to put up $185M for a school renovation. It's absurd. Again, near as I can tell, they don't even own the building. So if they don't pay their rent, they lose the money. There is no way that the building landlords ponied up $185M in tenant improvement money.

The money absolutely had to come from someone motivated by something other than a financial return and that has the deepest of deep pockets. Hard to see this as someone other than a nation state or quasi-government investment arm.

The article is double dutch to me. It suggests that the building's owner was involved in getting the $225Million in financing for the project. Not sure why a property owner would be doing that, I guess they really need the tenant. $170 million of that being a construction loan. Much more than the value of the building.

Anyway, I agree that Chris Whittle has somehow charmed some very wealthy foreign investors with his elite education promises. Would be nice to know who exactly.

[Anonymous]

https://www.bizjournals.com/washington/news/2019/03/15/whittle-ceo-says-permitting-snafu-won-t-delay.html?iana=hpmvp_wash_news_headline

[Anonymous]

Reading that article there is definitely some funny business going on here. "State Department Whittle School"? Sounds like it is being run by the State Department.

[Anonymous]

While I wouldn’t want my kid going to a school funded by the Chinese government, “Chinese go home” is just as racist as our president and totally unamerican.

[Anonymous]

Anonymous wrote:While I wouldn’t want my kid going to a school funded by the Chinese government, “Chinese go home” is just as racist as our president and totally unamerican.

Liberals are lovely people, aren't they?

[Anonymous]

Anonymous wrote:That link is interesting but doesn't really address who is financing the $185M in renovation. To be clear, the article puts a valuation of $110M on the real estate but says that Whittle is putting $185M into renovating it (which seems preposterous).

No rational investor seeking financial return is going to put up $185M for a school renovation. It's absurd. Again, near as I can tell, they don't even own the building. So if they don't pay their rent, they lose the money. There is no way that the building landlords ponied up $185M in tenant improvement money.

The money absolutely had to come from someone motivated by something other than a financial return and that has the deepest of deep pockets. Hard to see this as someone other than a nation state or quasi-government investment arm.

VISAS

[Anonymous]

Anonymous wrote:

Anonymous wrote:That link is interesting but doesn't really address who is financing the $185M in renovation. To be clear, the article puts a valuation of $110M on the real estate but says that Whittle is putting $185M into renovating it (which seems preposterous).

No rational investor seeking financial return is going to put up $185M for a school renovation. It's absurd. Again, near as I can tell, they don't even own the building. So if they don't pay their rent, they lose the money. There is no way that the building landlords ponied up $185M in tenant improvement money.

The money absolutely had to come from someone motivated by something other than a financial return and that has the deepest of deep pockets. Hard to see this as someone other than a nation state or quasi-government investment arm.

The article is double dutch to me. It suggests that the building's owner was involved in getting the $225Million in financing for the project. Not sure why a property owner would be doing that, I guess they really need the tenant. $170 million of that being a construction loan. Much more than the value of the building.

Anyway, I agree that Chris Whittle has somehow charmed some very wealthy foreign investors with his elite education promises. Would be nice to know who exactly.

Seems the Chinese have noticed that the DC Private School Bubble is unregulated and polices itself ....enter the offshore LLC

[Anonymous]

There were a whole bunch of protesters outside the school with a big banner accusing the construction company of wage theft.

[Anonymous]

What a charming new wrinkle. It’s the education version of the WWE. Union vs Management vs Neighborhood vs DC Zoning vs Chinese Government.

Sounds like Harvard 2.0

[Anonymous]

Anonymous wrote:There were a whole bunch of protesters outside the school with a big banner accusing the construction company of wage theft.

when?

[Anonymous]

Are they refusing to pay during the work stop?

[Anonymous]

Anonymous wrote:

Anonymous wrote:There were a whole bunch of protesters outside the school with a big banner accusing the construction company of wage theft.

when?

Tiday

[Anonymous]

I seriously doubt that anyone with 50 K per kid to burn is going to enroll in " whittle" or whatever it is,

That kind of discretionary income comes with a good deal of connection, common sense and other options

So, if Whittle isn't going to be a real , fully enrolled school, what is it ?

That's what people should be asking

Aside from that , I think the old adage , " there is no such thing as bad publicity ...any publicity is in play here

Hint : Sock Puppet

[Anonymous]

To add to the above, I’m not even Chinese, but people constantly assume that I am Chinese, which is frustrating, I try to take it as honest mistakes each time it happens. It’s a sad commentary on the ignorance that exists today. despite being born to American citizens, because I am Asian, I receive constant reminders that I can never truly call this country my own.