Reply to Bill introduced to declare the Old Hardy School surplus and extend long-term lease to the Lab School

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Reply to "Bill introduced to declare the Old Hardy School surplus and extend long-term lease to the Lab School"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]
The school doesn't owe the city a damn thing if the city won't fund DC kids to go there.
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You've got it backward. Lab is insisting that the city owes them a building. I think everyone here would be happy if the city treated Lab like any other private school and let them find their own facilities and used the public school facilities for public school kids. [/quote]

+1  I don't know what the current proposed emergency lease is but the last time they tried to pull this "emergency" in 2016, Lab was getting the school and buildings practically for free (based on their argument that no one else wanted it, which isn't true.)[/quote]

The whole idea of the "emergency" lease is nobody gets to see the terms until it's a done deal. [/quote]

Lab is private, needs a private deal I guess.  So why don't they take over the about to be empty GDS private ES space?  It's even closer to their main buildings.  They could do it much more "privately."[/quote]

Why buy a cow when the milk is free?[/quote]

In 2016, if I remember correctly, Lab was getting a 40,000 square foot property for 25K$ a year for 25 years.  It was ridiculous.[/quote]

It was actually worse than that.

The rent was nominal. However, there was a clause in the lease that Lab would get a dollar-for-dollar credit against rent for any improvements made to the property. Lab's stated intention was to immediately make $2 million in improvements, which by itself would have meant they would pay no rent for at least the first 25 years of the lease.

Their current lease has similar language. At the time they had an unapplied balance of several hundred thousand dollars for improvements they've made which have exceeded the rent owed-- which means they haven't paid rent in the ten years they've been there. One of the points of negotiation was whether that balance could be carried forward into the new lease.

Note that charter schools -- [i]public [/i]charter schools -- only get a credit of sixty cents on the dollar for capital improvements they make. [/quote]

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