Achieving academic excellence in Arizona
(Hanover, MD, October 19, 2011) The Charter Schools Development Corporation (CSDC) congratulates five client charter schools in Arizona for earning top grades from the Arizona Department of Education. Adams Traditional Academy in Phoenix and Northland Preparatory Academy in Flagstaff achieved “A” grades for excellence in academic growth and outcomes. Telesis Preparatory Academy in Lake Havasu City, Imagine Bell Canyon and Imagine West Gilbert Elementary and Middle schools achieved “B” grades for above average performance. Of the charter schools that were graded by the state, more than 70% earned a “B” or better. These charter schools rely on CSDC to solve their facilities funding challenges so that they can focus on student achievement. It’s a winning formula:
Adams Traditional Academy – CSDC is the school’s outsourced “nonprofit development partner.” Under the Turnkey Development Program, CSDC transformed a vacant industrial space into a child-friendly facility that supports the K-8 school’s rigorous educational program and no-excuses philosophy, and is currently working on a Phase III expansion for their middle school program.
Northland Preparatory Academy – CSDC provided a credit enhancement in 2003 to enable the school to acquire its current facility. In 2011, CSDC assisted the high achieving school again by providing a credit enhancement of an acquisition and construction loan from Chase Bank to enable the school to acquire the adjacent 5 acres and build a new 16,000 sq. ft. building. The expansion will allow the school to increase enrollment to meet high community demand for its programs.
Telesis Preparatory Academy – CDSC provided a credit enhancement to the school to enable them to expand their enrollment.
Imagine Bell Canyon & Imagine West Gilbert Elementary and Middle Schools – CSDC provided a credit enhancement to facilitate the issuance of “A” rated Education Revenue Bonds enabling the schools to purchase two existing facilities, as well as construct a new building for West Gilbert’s growing middle school. The bonds were issued through the Pima County Industrial Development Authority.
For the complete list of grades for charter and district schools, visit: http://www.azed.gov/blog/2011/10/12/a-f-accountability/