Yuba River Charter School gets multi-million dollar grant
Students of Yuba River Charter School will soon have a new campus, as the school has received an $8.5 million grant from the state to build a new facility.
The grant money comes from Measure 1D passed by voters in 2006 to raise $10.4 billion to modernize and build new facilities for schools from kindergarten to the university level. The measure allocated $500 million to charter schools.
Yuba River Charter, based on the Waldorf method of instruction, is one of 29 charter schools statewide to receive money from the measure, Director Caleb Buckley said.
“As a charter school, we get no state funding for our facilities,” Buckley said. “We are paying a quarter of a million dollars a year for rent. A brand-new campus will be cheaper than what we pay now.”
The school will have to pay back half of the grant money to the state at a low interest rate over the next 30 years, Buckley said.
“Last year, when we applied for the grant, the (pay-back) rate was 5 percent,” Buckley said. “It looks like it’ll be 3 percent next year.”
The school will get the first installment of $500,000 within a month, Buckley said.
Though school administrators haven’t decided where they will buy property, the land is expected to be within a 3-mile radius of the present location of the campus on Bitney Springs Road, in accordance with a clause in the grant, Buckley said.
“We really want to accentuate the community spaces (in the new facility) ” have a big community room or a gymnasium,” Buckley said.
“The trade off will be, we’ll probably have simpler classrooms,” Buckley added. “Rather than make the interiors of the classes very fancy, we’ll use it to build something like an auditorium that can be used by all the kids. I really like the idea of something that’s an asset to the community.”
To contact Soumitro Sen, e-mail email@example.com or call 477-4229.
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