Niagara Falls Project May be a Watershed in Privatization

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Privatization is being used to help fund the building of a single, $60 million structure to replace 2 high schools in Niagara Falls, New York. The plan involves selling the 2 schools and $15 million in property to developers that will then build the new school and lease it to the city for 30 years at no cost to local taxpayers. The school and other facilities will be developed as a design-build, turnkey project with a guaranteed maximum price.
Angelo, William.; Powers, Mary Buckner
ENR: Engineering News-Record
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