 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
|
|
|||||||||
|
|
||||||||||||||
 |
|
|
|||||||||||||
 |
 |
 |
 |
 |
 |
|
|||||||||
|
|
||||||||||||||
 |
|
||||||||||||||
|
LCOR
was awarded the unique opportunity to design and build a 47,000 square
foot state-of-the-art school facility for the District of Columbia, while
at the same time integrating the construction of a 211-unit residential
apartment complex on an adjoining site.
Working in collaboration with the District of Columbia Public Schools, LCOR utilized a creative public/private financing structure to help make the new Oyster School possible and to realize the value of an under-utilized asset — the old school's excess land. The new school was financed by an $11 million, 35-year tax-exempt bond issue. The bonds are being retired by PILOT (Payment in Lieu of Taxes) payments made by the apartment building's current owner. The project was completed in 2001. Public Entity: District
of Columbia Public Schools
|
|
You need to upgrade your Flash Player
|
|
|||||||||||
ABOUT US • WHAT WE DO • OFFICES • SELECTED PROJECTS • PROPERTY WEBSITES • WHAT'S NEW • SEARCH © 2007 LCOR Incorporated. All rights reserved. |
|
||||||||||||||