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Presenters warn assessment appeals and a lost property sale increase funding pressure on Downingtown Area SD
Summary
Presenters said termination of a major property sale and ongoing assessment appeals—cited losses from Wegmans, Home Depot and Eagle View—have reduced expected revenue and required changes to construction and kindergarten timelines.
District presenters told the board that revenue risks from assessment appeals and the termination of a planned property sale will force adjustments to capital plans and timing for major projects. Presenter S2 said a terminated sales agreement removed roughly $96.25 million in expected proceeds from the Siemens property, significantly affecting multi‑year facility planning.
Pre…
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