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New Jersey board approves Newark's $500 million school lease
Original: New Jersey Local Finance Board approves Newark’s nearly $500M elementary school lease
New Jersey's Local Finance Board has approved a lease deal worth nearly $500 million for elementary schools in Newark. The arrangement moves forward a major investment in the city's school infrastructure, with the financing structured through a lease. The approval clears a key regulatory hurdle for the district's elementary school building plans.
Why now: The approval of a nearly half-billion-dollar school lease is a significant financial and education development for Newark.
New Jersey Local Finance BoardNewarkNewark Public Schools
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