Project description
As the developer, Edgemoor provided real estate services and came up with an innovative approach that funded the school three years ahead of the county’s original schedule.
As the developer, Edgemoor provided real estate services and came up with an innovative approach that funded the school three years ahead of the county’s original capital program schedule. This funding plan included tax-exempt lease revenue bonds rather than traditional general obligation bonds and customized debt service amortization to use the land sale proceeds from the sale of the contiguous county-owned property to Edgemoor team members. The result of a public private partnership, South County Secondary School is a 386,000 square-foot school housing both middle and high school programs. The building features a two-story media center, classrooms, and a gymnasium that seats 2,500 spectators.
