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Charter School Facilities:
Myths and Realities for School Expansion and Growth
March 2012
PresentersBrian Keenan, Build with PurposeKen Karle, LAN AssociatesSteve Ramiza, LAN Associates
AgendaI. Background on Key IssuesII. Overview on LeasingIII.Site AssessmentIV.CostsV. Purchase vs LeaseVI.Site SelectionVII.BiddingCharter schools are best prepared for expansion when they understand the
financial, environmental and physical requirements for space. This session looks at the myths and realities for school facility expansion with a focus on comparing and understanding new construction, modular construction, and rehabilitation and adaptive reuse of existing buildings.
About Build with Purpose
Build with Purpose is a nonprofit real estate development organization specializing in facilities such as charter schools. Since our inception in 2003 we have developed 18 charter schools with total development costs exceeding $110 million serving 5,500 children.
About LAN Associates
LAN Associates is a full service, engineering, planning, architecture, and surveying firm founded in 1965. We service a variety of federal, state, county, and municipal governments, housing authorities, boards of education, Fortune 500 companies, foreign companies, churches, and private clients.
An Integrated Approach• Charter Schools- Working to take the burden of facility
development off the hands of charter schools so they can focus on education.
• Garden State Schools Initiative- Increasing access to healthy foods by establishing healthy living practices, finding sustainable resources, and providing healthy meal options in schools.
• Energy Efficiency- Bringing a variety of nonprofits energy efficiency and renewable energy options.
• Tech for School- Helping schools stabilize technology costs though creating virtual desktop interface systems which enables a single PC to be shared by multiple users.
Essentials For New Schools
• Lease and Certificate of Occupancy must be in place by June 30th
• Health and fire inspections• Start-up considerations• Credit worthiness• No unsecured debt
Lease Considerations
• Finding space and requirements• Environmental• Term of the lease• Price and the market• Improvements• Credit worthiness• Other factors
Purchase Considerations
• Need for long-term and realistic planning
• Costs including new construction vs. rehabbing space
• Financing• Project management and project
team• Due diligence (environmental, legal,
engineering)
•
Build with Purpose PortfolioNewark Educators’ Community Charter School
Newark, NJ•Completion Date: August 2009•Size: 28,000 sq. ft.•Students Served: 450, K-8•Architect: Newwork LLC•Contractor: Artco Contracting and Development•Total Interior Development Costs: $1 Million•Financing/Lender: Victoria Foundation
Build with Purpose PortfolioJersey City Community Charter School
Jersey City, NJ•Completion Date: November 2008•Size: 24,000 sq. ft.•Students Served: 600, K-8•Architect: Jamel Kizel•Contractor: La Rocca•Total Development Costs: $7.7 Million•Financing/Lender: The Reinvestment Fund
Build with Purpose PortfolioTeaneck Community Charter School
Teaneck, NJ•Completion Date: August 2009•Size: 36,000 sq. ft.•Students Served: 306, K-8•Architect: Gertler & Wente Architects•Contractor: La Rocca•Total Development Costs: $11 Million•Financing/Lender: Hamlin Capital and New Jersey Community Capital-Tax Exempt Bonds
