Bond Deal Completed At Springs Charter School

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School officials say one of Colorado's fastest growing charter schools has completed one of the nation's largest charter-school bond deals. The Classical Academy has sold $39.3 million in tax-exempt bonds to consolidate its bonds and fund ongoing construction.

Jim Griffin of the Colorado League of Charter Schools says the bond sale is a testament to the Academy's performance. The school is growing rapidly. School president Mark Hyatt says enrollment is about 1,900 students, with 4,600 more students on a waiting list.

Last fall the Academy had 1,630 students. The Colorado State Board of Education reports the state has 91 charter schools with nearly 29,000 students. The Classical Academy is one of the largest.