When my clients tour NYC private schools, they are very frequently impressed by new and improved facilities. Everyone would like their children to enjoy the most innovative science and technology labs, the best sports facilities, the largest libraries, and the most creative arts areas.
Responding to consumer demand as well as competition from new schools and established schools undertaking building projects, many NYC private schools are using influxes of money from well-heeled parent donors as well as favorable tax breaks to fund major expansions.
Many of their neighbors aren’t pleased.
NYC Private K-12 Schools Go on a Billion-Dollar Building Spree
Neighbors furious over prep school construction
Another kind of building boom: Private school construction is a $1B biz