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District signals it will not renew Rand School lease under current terms, cites major capital needs
Summary
District staff told the board they do not recommend renewing the current Rand School lease with Futaba School because of escalating deferred maintenance and projected capital needs (about $3 million in five years; larger, long‑term needs estimated up to $30 million), and asked board permission to notify the tenant it does not intend to renew under current terms.
Arlington Heights School District 25 staff informed the board March 10 that the district does not recommend renewing the current Rand School lease with Futaba School on the same financial terms when the contract expires in 2028.
Facilities Director Ryan said the building — leased to Futaba since about 1999 — is showing aging‑building issues and that the current rental income under the existing lease will not cover the capital investment…
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