In preparation for, and as part of the deliberations over the GMHS redevelopment project, FCC Public school board members, together with members of the council, looked closely at enrollment numbers and the sources of that enrollment.  Below are charts and some information found on the school website as part of the agenda for tonight’s school board meeting.  FACTS wanted to share it so it could be more readily  found and seen by the community. Source: http://www.boarddocs.com/vsba/fccpsva/Board.nsf/files/A8STWZ64BDBF/$file/GM_MEHProjectProjections.pdfRead More →

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The school board and city council are currently scheduled to vote on whether to proceed to the next step in the GMHS/MEH redevelopment project. A vote on whether or not to proceed and issue a detailed RFP is set for Tuesday, April 12, 2016 . Two community meetings have already taken place, one on March 30th and one on April 6th.   Click on the dates to view the recording of each meeting.   The community eventually will be asked to pass a bond referendum with a tax rate impact estimated to mean $0.15 RE tax starting in FY18 if the referendum passes ($112M).  This taxRead More →

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Some notes taken at the 3/30/2016 presentation by City Manager, Wyatt Shields and Superintendent Jones. Shields says the new high school and expanded middle school will cost $112,000,000. The first years of the debt are the most financially risky to the City because business revenue is ramping up:  the developer will build the school first, then the commercial portion.  While waiting for the commercial portion to be built, the city would not have commercial tax revenues from the project.  The debt payments could exceed 12% of Fall Church City revenue, a metric of risk used by the City, as the upper limit we should borrow.Read More →

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According to an article in the August 4th issue of the Washington Business Journal (WBJ), the lease-up pace of Class A apartments in the Washington DC Metro area has decreased to 14 units per month. There were a record 81 projects in active lease-up at the end of June 2015, compared to 68 a year ago. The WBJ says the number of projects in lease-up will continue to grow in the second half 2015 and likely continue to put pressure on the per-project lease-up pace. These projects are leasing-up or could be in the next few years in Falls Church: Development Number of Units StageRead More →

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