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Metropolitan DC Local Politics
Reply to "DC council giving away DCPS property to Lab School"
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[quote=Anonymous]It isn't a lease at market rates. It's actually much worse terms than the city is giving charter schools, which are actually public schools. The rent that was proposed was around $80,000 per year. There is a dollar for dollar credit for improvements (charter schools only get fifty cents). Lab is proposing doing $2 million in improvements on day one. They will pay zero rent for the first 25 years as a result. No landlord in his right mind would enter into such a lease. DC is signing away control of the property for 50 years. In economic terms it is indistinguishable from an outright gift.[/quote]
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