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  "documentTitle": "5 March 2015 McKinsey BPS Operational Review Steering Committee Working",
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  "presentationDate": "2015-03-01 00:00:00",
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  "notes": "The slide outlines a problem-solution framework regarding school district capacity.",
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      "text": "BPS has a larger footprint than is required of its comparable peers. Since the early 1970s, the total number of students enrolled in the district has declined by ~40,000, while the number of active BPS buildings has remained relatively constant. In the next 15 years, student enrollment may continue to change due in part to a changing population but could change drastically if the charter cap is lifted, leaving BPS with up to 44,000 seats in excess capacity.",
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      "text": "Operating with extra capacity costs BPS. BPS incurs annual expenses of ~$4.6M per open school in operating expenses, before considering the additional tolls of a large system including a more dispersed focus for Central Office teams than is truly needed, smaller communities of support and engagement due to less-than-capacity schools, and an overstretch on programming budgets (e.g., Athletics or Wellness).",
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      "text": "BPS could consider saving money and improve the system by consolidating schools to fill each school to capacity, theoretically allowing BPS to close ~30-50 schools. This could allow BPS to capture ~$50-80M in annual opex savings, potential one-time revenue from ~$120-200M in property sales or long-term leases, targeted Central Office support for a smaller portfolio of schools, and more robust school communities with larger programming budgets from reinvestment.",
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      "text": "Should BPS choose to proceed in addressing this overextension, deliberate planning will be required to make the transition the most beneficial to students and least disruptive. Many districts have experienced school consolidation from which BPS can learn in order to maintain or improve the academic achievement of every seat while engaging the community productively. With careful identification of schools and a thoughtful timeline for implementation, BPS can let the academic vision drive its footprint",
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