Reply to Updates on LAMB at Kingsbury?

Forum Index » DC Public and Public Charter Schools

Reply to "Updates on LAMB at Kingsbury?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Schools, even charters, are by right uses in residential zones. Pretty much every zone.  Other than relief for parking requirements through BZA I don’t think it’s gonna be that big of a hurdle to clear honestly.[/quote]

There is no guarantee that whatever is left of Kingsbury's board will agree to sell to a school. If they don't own the building outright it could wind up in a bank's hands.

[/quote]

You mean another school? Not quite following this comment. Aren’t they currently set to sell to Lamb if the courts allow?[/quote]

Kingsbury is closing. They are out of money. This decision was only made in the last month. If they have debt and default on it, which is likely as they will have no income soon, their assets (including the building) will go to any lenders.

The lenders will not necessarily be under any obligation to honor the Kingsbury's agreement/plans with LAMB.

I think everything is up in the air.

[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics