How much of the upfront costs will be paid by government sources?
While governmental income streams provide the solid backbone for funding operating expenses, governmental sources for land acquisition and construction costs are available to a far lesser extent (if at all), particularly prior to the opening of Phase I of the Academy. While the Board of Directors continues to pursue these sources, it cannot presently estimate with accuracy how much, if any, the Academy likely will receive for land acquisition and construction related expenses for Phase I of the Academy. By law, once a charter school is operating, other options for government funding and financing of construction and expansion may become available; the Board looks forward to pursuing aggressively these options after the Academy opens.
Related Questions
- What are the exit costs to the homeowner - i.e. when we sell the unit, and to whom are these fees paid; the Panamanian government, the municipality, the Shore Club property management company?
- How much of the operating costs will be paid by government sources?
- How much of the upfront costs will be paid by government sources?
