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February 6, 2005
New city school will be a condo
From the Daily News:
The project will be the city's first public school built on private land and will be treated as a commercial condominium, meaning the city will own the school space. But the arrangement will not be cheap. The school will cost taxpayers $650 a square foot - more than twice the price City Hall has been trying to pay for new schools.School officials said the higher cost reflects the architectural and planning work to be done by Ratner - an expense that typically isn't publicized.
Daily News article
New York Times: School? Bloomberg Says Yes. Stadium? Silver's Still Thinking.
Also see Newsday: New school announced for Lower Manhattan
Posted by amy at February 6, 2005 5:15 PM