Reply to Please explain how Henry parent position on CC makes sense

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[quote=Anonymous][quote=Anonymous]When will APS just rent an office building in Crystal City or Ballston and turn it into Arlington Science High School?  That is all we really can afford.

Did you see this article in the post?

[b]Politics
Lowest US birth rate in 3 decades could pose risk to economy[/b]

[url]https://www.washingtonpost.com/politics/lowest-us-birth-rate-in-3-decades-could-pose-risk-to-economy/2018/05/17/9183b4ce-5a0f-11e8-9889-07bcc1327f4b_story.html?noredirect=on&utm_term=.2ef3f1a253e2[/url][/quote]

Really, tell me how it would work for APS to "just rent an office building." APS can't afford to pay market rent as set by the developers for those buildings so they'd need to find a developer willing to forego the tax breaks they get for the unleased space and give APS a sub-market lease. But even without considering the tax breaks, developers will be very reluctant to do this because such a lease would have to be for at least 20 years (because the renovations required to turn office space into a code-compliant school will probably require bond funding, and bond funding can only be used for projects expected to have at least a 20-year life), and because most developers own more than just that one commercial space, and will be worried about what such a big sub-market lease would do to the market for their other commercial spaces. [/quote]

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