July 5, 2006
With the $26
million bond sale for the Escondido Charter School District last week, Escondido
Charter High School (ECHS) became the first charter school in the state of
California to receive an investment-grade rating from Standard & Poor’s.
The new bond
issue will refinance ECHS’ higher-interest debt and
provide approximately $8.5 million for construction of “Phase II” at the
school’s new campus, including a 400-seat theater, a gymnasium and a warehouse.
The theater and gymnasium will be named “The
American Spirit Theater and Gymnasium” in keeping with the school’s
mission of emphasizing the appreciation and understanding of American
Civilization and United States History.
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