Maryland looks for ways to pay for huge school construction needs

Aug. 23, 2011
Alternative financing arrangements could help districts acquire billions needed for upgrades

From The Baltimore Sun: Baltimore County, Md., estimates it would have to spend $2.2 billion to modernize its school buildings, and that doesn't include the cost of any new schools. In the city of Baltimore, the need has been tallied at $2.8 billion. Anne Arundel County has identified $1.9 billion in needed updates to school infrastructure, and Howard County has a list of $500 million in projects. The need across Maryland is so great that state officials are beginning to investigate alternative financing arrangements that would give local governments large infusions of capital to build and renovate schools in a short period.

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