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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Losing the Safeway, having to drive somewhere for middle-grocery shopping, having dead space on Wisconsin Avenue and having to deal with the car-pooling and suburban dopers, yes, pretty much a net loss.

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Long time real estate person here.  Expanding the presence of a strong school has never been a net negative for a neighborhood.  Never.  Just ask the property owners in Edgemoor, Bethesda.  It might be a nuisance in the short term, but the rewards are tangible on the back end.[/quote]

I can understand the presence of a good public school raising property values, but don't see how the general population benefits with a private school.  Is there a private school near Edgemoor in Bethesda?[/quote]
Wealthy educated people buying houses on the neighbourhood -you house value goes up. Plus hedonic pricing (look it up in Google please). Put it simply: would you prefer to have a landfield or a prision just near your house or a top private school?[/quote]

Those aren't the only options -- nor are they realistic land uses given pre-existing land values and zoning.  Pretty much any value that comes from having top private schools in the neighborhood has already been realized, whereas the hassles associated with more than doubling the school's size plus adding 250 apartments and retail in the same couple of blocks will negatively affect quality of life for homeowners in the immediate vicinity.  In fact, the Head of School joked in one meeting with parents that this project should make buying up surrounding homes easier.[/quote]

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