South County Secondary School
 
South County Secondary School, a $64 million design/build/finance project, was delivered through an innovative financial and development structure developed by principals of Edgemoor: As the project predated the adaptation of the PPEA and publication of the implementation guidelines, Fairfax County Public Schools solicited proposals for public-private partnerships to provide a new school on a portion of a former prison site in Lorton, Virginia. Edgemoor’s proposal called for the monetization of unused Fairfax County land assets, thereby lowering the overall net cost of the project to the County and accelerating the delivery of the school without taking any funds out of the school system’s capital improvement plan until they were originally programmed. In addition, through the land sale, value engineering and other creative tools, the County was able to save over $25 million against the project budget. This created enough funds to accelerate the renovation of 11 other school facilities in Fairfax County. Edgemoor provided day-to-day management and a single point of responsibility from the private sector for the entire development process, including financing, which reduced the burden on Fairfax County Public Schools staff. The school opened at the beginning of the Fall 2005 school year -- three years ahead of the county's original funding schedule. This project was awarded the National Council for Public-Private Partnerships 2006 Innovation awards.
Capabilities
Project Feasibility
Financing & Equity Structures
Design Management
Development Management

Project Type
Public-Private Partnership

Development Cost
$64 Million

Location
Fairfax, Virginia

Architects
BeeryRio

Project Size
386,000 SF

Completion Date
August 2005