Reply to Big GDS news

Forum Index » Private & Independent Schools

Reply to "Big GDS news"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm not sure there is a process.  At what point and to whom will someone have to quantify the revenue stream?  If it's after a development partner has been chosen, then this exercise will just function as a justification for pushing the school to ask the Zoning Commission to maximize height and density at the site.  And if/when the ZC doesn't give GDS all that it asks for, it'll be a rationale for decreasing the revenue stream.  And remember, all we're talking about here is a land lease -- not profit-sharing.

These are assessments that need to be made prior to any decision to devote school land to commercial development, but it appears that GDS is already committing to going through the entitlement process on a developer's behalf.  If that's the mindset, then it's unlikely that anyone on the school's side of the table is making well-informed, independent, and economically rational decisions about return on investment.  GDS has been sold on a concept.  [/quote]

By some of its board members, advisers and '"benefactors" who just happen to be .... Major commercial real estate developers.  [/quote]

Yes indeed.  Clearly there are a number of well-situated people who hope to *make* money off of this project.  It'll be interesting to see how many people want to *donate* money for it.  And once one development company is anointed as GDS's "partner" in this venture, how eager will donors associated with other development companies be to cough up the big bucks required to make this happen?  [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics