A new charter school is coming to the South Bronx under a 45-year lease deal that will let it avoid paying both conversion costs and property taxes. Neighborhood Charter School, based in Harlem, will open its new Bronx location at 411 Wales Avenue in Mott Haven, according to Crain’s. The site is home to a warehouse that will undergo a more than $20 million redevelopment to convert it into a school. The nonprofit Civic Builders […]
source https://therealdeal.com/2018/05/17/school-to-avoid-paying-property-taxes-conversion-costs-for-20m-bronx-project/
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