School Board Notifies EDA of Purchase Option Intent

The Newport News School Board authorized the Superintendent to notify the Economic Development Authority of the City of Newport News of its intent to exercise an option to purchase building improvements at the Achievable Dream Middle and High School. Exercising the option will extend the related lease structure involving the EDA through July 26, 2033.

Scope & details

The full contract record, as filed.

Contract type

FACILITIES

Contract term

Lease term extended seven years to July 26, 2033 upon exercise of purchase option

Renewal date

2033-07-26

Renewal

Exercise of the purchase option under the amended 2006 ADM&HS lease extends the related lease arrangement involving the Economic Development Authority by seven years, to July 26, 2033.

Document type

Resolution

Source document

Newport News School Board Resolution Authorizing Exercise of Purchase Option 2026-07-23

Related contracts

Other contracts from Economic Development Authority of the City of Newport News.

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Newport News School Board Resolution 26-06 2026-01-01

PENDING

Newport News City Public Schools, VirginiaJan 1, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Newport News City Public Schools?

Economic Development Authority of the City of Newport News was awarded this facilities contract by Newport News City Public Schools, as recorded on July 23, 2026.

What type of contract is this?

This is a Facilities contract, documented as a resolution record.

Where was this contract approved?

This contract appears in Newport News School Board Resolution Authorizing Exercise of Purchase Option 2026-07-23 (Resolution), dated July 23, 2026 from Newport News City Public Schools. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Economic Development Authority of the City of Newport News hold?

Economic Development Authority of the City of Newport News may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Economic Development Authority of the City of Newport News's profile

What is Newport News City Public Schools currently buying?

Explore Newport News City Public Schools's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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