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A $500 Million Lease for One Newark School? State Board Says Yes
The 30-year deal starts at about $11.3 million a year and lets Newark buy the building for $1,000 after the lease ends.
Summary by NJ Spotlight News
5 Articles
5 Articles
New Jersey Local Finance Board approves $498 million Newark school lease
by Nikita Biryukov, New Jersey Monitor The New Jersey Local Finance Board approved a $498 million lease for a Newark school building that local officials said is needed to alleviate overcrowding, a vote taken after complaints from Republicans who alleged corruption and mismanagement. The board’s vote will permit the Newark School District to lease theContinue reading "New Jersey Local Finance Board approves $498 million Newark school lease"
Coverage Details
Total News Sources5
Leaning Left3Leaning Right0Center0Last Updated100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
Factuality
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