These two documents written by the appraiser for the School Committee were recently obtained through a Freedom of Information Act request.  They offer an even more optimistic view of the market rental value than our own expert opinion.

Other – SC – 111122 – Foster Rental Value Analysis

Other – SC – 111122 – Foster Rental Cash Flow Analysis

The cash flow analysis also shows a larger stabilized net income ($1.67M per year) than we predict in our financial analysis, but also assumes year-round rental of units which we do not.