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DC Public and Public Charter Schools
Reply to "Should DCPS add or shutdown any schools?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]They have been at full enrollment or nearly full. I'm not sure if that will continue. But they'd need a really significant decrease to go from 3 buildings to 2. [/quote] Their debt situation is really bad and I bet that 4th St site is worth more than they paid for it by a lot given the Union Market development (that literally did not exist when the bought that building). I could totally see them selling that building. Their middle school is not full.[/quote] What is the debt situation? I se it a positive $9.8 million in net assets on the 2023 990.[/quote] That's measured against the value of the real estate. They are (more than) fine if they sell the 4th St building. The liquidity for debt payments is the issue.[/quote] Oh, I see what you mean. Are you saying they're not able to meet monthly obligations, though? Because that would be... wow.[/quote]
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