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DC Public and Public Charter Schools
Reply to "Lee Montessori Location Announced"
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[quote=Anonymous][quote=Anonymous] Someone upthread said Lee has a 25 year lease, with a right to renew. That seems quite different to me than Building Hope giving people a temporary space for a few years til they can buy their own. Maybe it doesn't matter - and is a distinction without a difference. [/quote] Good points. Don't know anything about the specifics of the deal, a 25 year lease by Lee with guarantees by Building Hope may be it. Or a 25 year lease by Building Hope with a sublease by Lee. Bit more information here. The developer may be giving the schools a good deal in order to garner support for the larger redevelopment plan. http://www.bizjournals.com/washington/breaking_ground/2016/03/brookland-college-campus-finds-a-buyer-with-a.html?ana=twt[/quote]
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