CASE STUDY PUBLIC FACILITIES

JAMES OYSTER MULTILINGUAL SCHOOL

■  Condemned property of the DC Government

■  Citizens initiative to save the school

■  1.5 acres used by private sector to build a 221 unit full-market apartment building, with a 35 year ground lease

■  PILOT equals $35 million for payments of municipal bonds for construction of a new school (i.e. no cost to the taxpayers)

■  Provided the model for the Virginia Public-Private Education Act (has resulted in over 30 schools and numerous additional municipal buildings in the state)