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Innovative Funding Avenues for Enhancing Little Rock School District’s Infrastructure

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Innovative Funding Avenues for Enhancing Little Rock School District’s Infrastructure Presented by Walter Washington, Jr., MPA, REALTOR®, C2EX, AHWD Identifying a dedicated funding source for existing Little Rock School District (LRSD) schools could involve various strategies and approaches tailored to the specific needs and circumstances of the district. Here are a few potential avenues to explore although some are already in use: **Bond Measures:** LRSD could consider issuing bonds to fund capital improvement projects for school facilities. Bonds allow districts to borrow funds from investors and repay them over time, typically through property taxes or other revenue streams. This approach provides upfront capital for large-scale projects while spreading the financial burden over an extended period. **Local Tax Levies:** LRSD might explore implementing or increasing local property taxes or sales taxes dedicated specifically to funding school infrastructure improvements. These tax lev...
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Feasibility Conversation Starter Regarding Relocating Parkview Arts and Science Magnet High School

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Feasibility Conversation Starter Regarding Relocating Parkview Arts and Science Magnet High School By Walter Washington WLWashington@UALR.edu Posted: 10:53 PM CST, Thursday, November 23, 2023 The feasibility of relocating Parkview Arts and Science Magnet High School from its current location in ZIP code 72204 to either 72205 or 72223 in Little Rock, Arkansas, would depend on a variety of factors.  These could include the availability of suitable land or buildings in the new location, the cost of relocation, the impact on students and staff, and the potential benefits to the school and wider community . Parkview Arts and Science Magnet High School is currently located at 2501 John Barrow Rd, Little Rock, AR, 72204 .  It provides enrollment to more than 1,100 students and offers undergraduate, preprofessional, and technical education programs .  The school has a diverse and unique educational experience, offering specialized courses in science, band, dance, orchestra, theat...
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The Case for Renovating Parkview Arts and Science Magnet High School

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  Photo by Kimberly Farmer on Unsplash The Case for Renovating Parkview Arts and Science Magnet High School In the heart of Little Rock, Arkansas, stands a beacon of educational excellence - Parkview Arts and Science Magnet High School. This institution has been a cornerstone of the community, nurturing generations of students with its unique and enriching arts and science curriculum. However, recent developments have sparked a debate about the future of this beloved school. The Dilemma The Little Rock School District (LRSD) is considering constructing a new high school, the Little Rock West High School of Innovation 1 . Initially, the school was expected to cost $85 million 1 . However, recent estimates have revealed that the price of the new school will run far beyond budget, costing up to $153,683,057 1 . This significant increase in cost has raised concerns about the fiscal responsibility of such a project. The Case for Renovation While the prospect of a new school might seem ...
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