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ted (not lasso)
@ted
this week's random real estate development learnings: - hardest part about building a school isn't the "school" part, but the "building" like actual physical building part - banks are less likely to loan to schools (for real estate purchases) because nobody wants to foreclose on kids, super bad for the bank's brand if that happens - but schools can be "economic anchors" for growing neighborhoods, especially in urban communities. target, for instance, is often seen as as an economic anchor bc they are increase employment, commerce, foot traffic, etc. - there is a niche group of lenders / investment banks that see this opportunity and will lend to schools; lots of family offices leaning into this as well
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Elpizo Choi
@elpizo
You’re building a school?! That’s awesome
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rubinovitz
@rubinovitz
Yeah a friend is running a school out of her home because of this
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David T Phung ⚛️⚡️🚀
@davidtphung
the building + the california division of state architect (dsa) review process before building during inspections process the beauty of school spaces on off days being multipurpose like the gym/ cafeteria/ auditorium for church, disaster relief, multipurpose random activities
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Omar
@dromar.eth
My mom taught at a brand new charter school when it was starting up. The building code inspections took almost 2 years to iron out. They would have to keep moving rooms as things were fixed.
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