Collegium Charter School (Exton, PA): Proceeds of the recently secured $43.3 million bond sale have been used to purchase two buildings Collegium currently occupies – 150 Oaklands Boulevard and 515 James Hance Court – in Exton, PA.
By purchasing the two buildings, Collegium will save tens of millions of dollars over the 30-year life of the bonds, as the bond payments will be stable and less than the annually escalating lease costs.
Also planned with the bond proceeds is the construction of a Performing Arts Center at the 515 James Hance Court location. Collegium is well regarded for its strong music and drama programs. With this new Performing Arts Center, the students and their teachers will have a top-notch facility to match their talents and ambitions.
Collegium Board President, Viktor Ohnjec, shares, “I’m pleased that this deal solidifies savings for years to come and will provide our accomplished students with an outstanding performance space.” For the whole press release, click here.