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[quote=Anonymous][quote=Anonymous]Yes, it wouldn't surprise me if some of the developers and/or wannabes involved have other interests and agendas and anticipate a different outcome.  Because it's hard to see how combining both schools on the Wisconsin Avenue site and adding private development makes sense when the newly-acquired land has less acreage than the existing L/MS campus.  That's before we get to the issue of paying over twice the assessed value to acquire the land -- and an amount that exceeds the value of the MacArthur campus.

Given that GDS ends up with less land overall and the expense of rebuilding all of its L/MS facilities, this doesn't seem to be like a good deal for the school, even with a revenue-generating component.  Basically, it looks like an opportunity for a savvy business type to gain access to valuable RE on the school's dime in exchange for kicking back some fraction of his profits to the school.  Meanwhile the school itself has to carry substantial debt and hit up parents for tens of millions to replace facilities it already has.

Bad move and one that might never have happened had parents been advised of the plan before the deal was sealed.[/quote]

You don't seem to realize that GDS closed the purchase for the property by using cash on hand, not debt. It's not like they raised $41 million without parents and alumni involved. You also don't seem to understand that any large real estate project involves developers. [/quote]

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