Of all the people moving into the new 80-unit Broadway condominium in Falls Church [Virginia], only one is expected to be a school-age child.
"Under an agreement that reflects the growing alarm over school costs in Washington's suburbs, the city gave the developer a significant incentive not to attract families with kids: If the building is occupied by more than eight schoolchildren, the developer must pay $15,000 a year for each child above the cap. A census will be conducted annually for five years to determine whether the limit has been breached, and the developer is liable for as much as $225,000 during that period.This novel cash-for-kids deal is, depending on who is talking, either a common-sense means of containing spiraling education costs or a discriminatory swipe at parents with young children."
Thanks to C. P. Zilliacus
FULL STORY: Developer Bets on Childless Buyers
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