Building space is one of the biggest hurdles for new charter schools because they are unable to secure the same level of governmentfinancing as traditional school districts. The donated building offers nine stories and more than 282,000 square feet.
The Longwood Foundation plans to create a new nonprofit called the Community Education Building. This new organization will be the recipient of the donated building and will operate it. The transfer is expected to take place in 2013.
“We appreciate Bank of America’s commitment to our community and to ensuring that all children have access to quality education,” Thére du Pont, president of the Longwood Foundation said in a statement. “At Longwood, we will be working hard with many partners to ensure we are continuing to provide unmatched educational environments where all kids can excel, in this case in the City of Wilmington.”
Interesting! I wonder if schools pay school taxes! If they don’t how much school taxes a building of this size will be taken out of Christina school district? But good news for parents who select charter schools
OK I found this and I am pretty sure this is for the building in question. So if it become a “public charter school” will these revenues be loss to Christina and NCC Votech?? OK just check and schools don’t pay property taxes. So will Longwood pay school taxes for this location ? Can’t be a public school unless Delaware DOE classifies it as one! But worth keep an eye on!