Creative Capital Financing: Lease Purchase and Leasing Air Space (The Florida Approach)

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Discusses lease purchase financing of capital construction as introduced in Florida and cites six benefits as follows: no public referendum, no increase in local tax, tax exempt bonds, design build construction, and depreciation. Also discussed is the option of a district leasing air space to assist in mitigating excessive land costs in major metropolitan locations. Lease purchase financing and the lease and sale of air space have tremendous applicability for the public sector financing of capital construction. It is suggested that qualified professional services be solicited to protect the interests of the local school board or municipality considering these approaches to capital financing.
Hill, Franklin L.
Educational Facility Planner
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