What Is "Teachers Village"?
Remember the name: Teachers Village. It's a $150 million, mixed-use development that just broke ground with great fanfare in Newark. The idea is that teachers will live in the complex and teach at one of the three charter schools that will occupy the site.
As you might imagine, your taxpayers dollars are funding this experiment:
As you might imagine, your taxpayers dollars are funding this experiment:
The project was awarded nearly $40 million in Urban Transit Hub tax credits from the state Economic Development Authority and allocated $60 million in federal New Markets tax credits for the school portion. Other public financing came from the city of Newark, the state Casino Reinvestment Development Authority, and federal Qualified School Construction Bonds, according to an EDA memo. Private financing
