Chancellor Klein Unveils Design of Two New Midtown Schools to Be Built with Private Investment

NEW YORK, Oct 23, 2008 (BUSINESS WIRE) -- Schools Chancellor Joel I. Klein today unveiled architectural designs for two new school buildings in Midtown Manhattan that will be built with private investment. The estimated $200 million cost of construction for PS 59 and the High School of Art and Design on East 57th Street will be paid for by private developers as part of a partnership with the Department of Education's Educational Construction Fund (ECF), which develops mixed-use real estate projects featuring new school facilities.

In addition, PS 59's temporary location, which is newly renovated and the City's first "green" school building, will become home to a new school when the 57th Street project is completed and PS 59 moves into its permanent building. Chancellor Klein was joined at the unveiling at the temporary site of PS 59, on East 63rd Street, by Deputy Chancellor Kathleen Grimm, ECF Executive Director Jamie Smarr, School Construction Authority President Sharon Greenberger, World-Wide Group Partner David Lowenfeld, State Senator Liz Kruger, Manhattan Borough President Scott Stringer, Councilmembers Daniel Garodnick and Jessica Lappin, PS 59 Principal Adele Schroeter, and High School of Art and Design Principal Scott Feltzin.

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