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Colorado Charter School Deal Marks a First for the State.
(From The Bond Buyer)
Byline: Elizabeth Albanese
The Colorado Educational and Cultural Facilities Authority will go to market later this month with an $8.2 million offering of unrated charter school revenue bonds -- a deal that will finance the state's first true developer-driven charter school.
The tax-exempt bonds, scheduled to price the week of June 13, will finance the Banning Lewis Ranch Academy -- a K-8 facility that marks the first of as many as eight charter schools expected to be financed with assistance from California-based Makar Development Inc. "This deal will truly be the first developer-driven charter school product here in Colorado," said Russ Caldwell, a senior vice president with D.A. Davidson & Co., the sole underwriter for the transaction. "We have had deals in the past that have had some developer assistance, but this deal has bells and whistles that no charter school has enjoyed in Colorado." Caldwell said the deal benefits from such state charter school finance initiatives as the backing of the state intercept program and a per-student facilities stipend. In addition,…
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...constructed K-8 charter school in place to begin...The Banning Lewis Ranch Management Company...school." The charter school will sit at the...Village in Banning Lewis Ranch. It will be adjacent...information on the charter school program or to...join the ...
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...Ranch, effected the transfer of the Banning-Lewis Ranch to The Banning Lewis Ranch Company, LLC, a newly formed holding company...numerous properties with Makar. The Banning-Lewis Ranch is a 24,000 acre mixed-use master planned...
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...Murdock The due diligence for the Banning Lewis Ranch is completed according to Dale Wheeler...the third quarter." The Banning-Lewis Ranch, which is on the eastern portion of...rather than the city's. Banning-Lewis Ranch Corp. bought the area for $18 million...
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...to development of the massive Banning Lewis Ranch in eastern Colorado Springs was removed...development's biggest player, Banning Lewis Ranch Management Co., will get money from...ordinance, he said, means Banning Lewis Ranch Management Co. will dedicate 3.2...
- Capital Pacific Holdings, Inc. Acquires Banning-Lewis Ranch in Colorado Springs.
- Press release article from: PR Newswire September 21, 2001 700+ words
...Properties and Olen Companies, it has successfully acquired the 21,400 acre Banning-Lewis Ranch in Colorado Springs, Colorado. The Banning-Lewis Ranch is the largest single holding of developable land in the Colorado front range and represents...
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...Corporation's largest physical asset -- 22,500 acres ready for development in the shadow of Pikes Peak, the Banning-Lewis Ranch -- will be sold through sealed bids in August. The suggested selling price: $23.8 million. The listing broker: Southwest...
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...represented the buyer. Banning Lewis Web site Banning Lewis Ranch Management Co. has launched a new Web site. It...milestones or information about the new K-8 Banning Lewis Ranch charter school, visit www.BanningLewisRanch.com HomeAid breaks...
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