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[quote=Anonymous][quote=Anonymous]In speaking to the parents earlier this summer, Shaw was pretty explicit that the Wisconsin Avenue parcel was envisioned as a revenue source. Obviously, things could change, but the economics don't look good. Selling the L/MS campus might pay for the HS land acquisition but then GDS still has to build the facilities for the L/MS. Then again, I doubt that the revenue stream is likely to be as large as he anticipates (the comparison was to the Gonzaga deal, which involves a larger parcel that was developed as a Walmart plus 300 apartments

Maybe they are going to sell the whole thing and start again somewhere else.
[/quote]

There can always be backup or alternative scenarios when a school contemplates a big real estate deal.  Over 10 years ago another private school contracted to buy the Rosedale estate (now a park) in Cleveland Park for a large amount.  In the end the school didn't get the property but it turned out that the school's angel backer was also a real estate developer.  Had the originial deal closed but the school decided not to go forward, the angel developer was prepared to develop the Rosedale parcel.  There are several very savvy business types on the GDS board, too, so they could be looking at different outcomes.[/quote]

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