Patrick Henry Seeks Bridge Loan

From RTD:

The Patrick Henry School of Science and Arts is looking to get a short-term loan of $80,135 to meet cash-flow needs for an initial phase of renovations that have begun at the Patrick Henry Elementary School building in South Richmond.

Officials with the charter elementary school listed the “bridge loan” in a financial report presented Monday to the Richmond School Board and said it’s expected to be paid off early next year, when the school anticipates qualifying for historic tax credits on the renovations.

Although the school is working on Plan B no Plan B is in place yet. Also mentioned in the article was that the school did not meet its enrollment goal of 195 students falling 9 short. Calls are currently being made to parents of students that weren’t offered initial enrollment.