FOR IMMEDIATE RELEASE
Friday, April 22, 2022
Contact: [email protected]
ICYMI: Public Finance Authority Helps to Finance
New Coral Academy of Science Reno Schools
Reno, Nevada – The Public Finance Authority is pleased to announce financing is complete for the Coral Academy of Science Reno (CASR), in which the Academy will build two new elementary schools, two new middle schools, and a new high school. The Academy notes that the five new schools will accommodate a larger student body and provide a richer learning environment for students.
“As the largest school in Washoe County, the Coral Academy of Science Reno project is providing an incredible opportunity to a great number of students. The PFA is proud to be part of creating these educational opportunities,” said Mark O’ Connell, President and CEO of Wisconsin Counties Association, a founding sponsor organization of PFA. “This distinguished school is an excellent example of a PFA project that provides crucial community benefits without any risk to the taxpayer.”
According to the application materials, “the Coral Academy of Science Reno started operations in 2000 and currently is the largest charter school in Washoe County, serving over 1,350 students, including nearly 300 high school students from several communities.” The charter school’s mission is “to provide a safe, rigorous college preparatory environment that promotes social responsibility and a culturally diverse community dedicated to becoming lifelong learners bound for success.”
PFA partners with local governments to assist in the financing of public benefit projects that create temporary and permanent jobs, affordable housing, community infrastructure and improve the overall quality of life in local communities. In 2021, the Public Finance Authority celebrated more than 10 years assisting in financing public benefit projects that provide local economic development, create jobs, produce state and local tax base, and meet needs of eligible borrowers which state or local issuing authorities may not be able to serve.
PFA was established By Local Government. For Local Government.™, in order to provide local governments and eligible private entities nationwide with access to low-cost, tax-exempt and other financing for projects that are important to the community and contain no risk to the taxpayer. PFA is jointly sponsored by the National Association of Counties, National League of Cities, Wisconsin Counties Association and League of Wisconsin Municipalities.