Reply to Charter school funding gap in FY27 budget

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Reply to "Charter school funding gap in FY27 budget"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]How much value are charters getting from below-market leases from the city? That would be interesting to know. I don't know the answer.[/quote]

I'm in a school with a market lease from the city that cost millions to make habitable for students. So now we have the lease payment and the debt. I'm guessing you've seen the city's abandoned properties or the schools that haven't been in use for a while? The real market for them is tearing them down and creating condos or something else -- which the city has done. As schools, they are useful but require significant investment. [/quote]

I have seen that list. But the real question is how many charters have leases that are below market even if use were limited to schools. Like if a building came up now and charters were allowed to bid on what rent they would pay, what would the outcome be? Because I suspect there are a lot of old leases that were closer to market at the time but have fallen below it.

Now that we don't need to many charter schools, conversion to housing is a great idea. [/quote]

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