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As many of you know, the conceptual master plan for our building has been completed.
One of the main elements of this plan is the addition of classrooms that are necessary for us to execute our vision of expanding to include 7th and 8th grades.
The next major step in this process is to secure funding to pay for the project. This funding would likely come in the form of a municipal bond that would need to be funded by outside investors.
- Currently, we are working with the GVAC Finance Director and our financial advisor to fully understand the bond size we can afford without impacting the school's financial health.
- Once we have that number, we can look at the estimated cost of the project as currently planned to determine feasability.
One of the last pieces would be to seek out investors to fund the bond. We understand that this still leaves much uncertainty regarding the expansion of the school, especially for our families with students currently in 6th grade.
- We fully commit to transparency through this process and will share any additional information as soon as possible.
We also commit to not promising something we are unable to deliver.
- While expanding to 7th and 8th grade is our desire, we will not do so until we are confident we can do so successfully.
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