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Breaking News in Brief: first year phase II P3 costs increase, St. Mark's not yet confirmed for Hyattsville Elementary

Breaking News in Brief: first year phase II P3 costs increase, St. Mark's not yet confirmed for Hyattsville Elementary

First year payment now capped at $70 million, swing space decision expected soon

Claire Panak Tombes
May 17, 2024
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Route One Finance
Route One Finance
Breaking News in Brief: first year phase II P3 costs increase, St. Mark's not yet confirmed for Hyattsville Elementary
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The Board of Education recently approved a $6 million increase to the first-year cost of the second round of schools built under a public-private partnership (P3) model because the private developer group, Progressive Education Partners, was “unable to meet the affordability limit set forth for the Program.” The board …

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