The District of Columbia approves the issuance of up to $22,000,000 in revenue bonds for Richard Wright Public Charter School to finance renovations.
The District of Columbia Council has approved the issuance of up to $22,000,000 in revenue bonds for Richard Wright Public Charter School. The bonds will finance the renovation and modernization of the school's existing building, expansion of instructional space, and refinancing of existing debt. The project aims to enhance the school's facilities, allowing it to increase its enrollment capacity to 500 students. The financing plan includes various revenue sources, such as state and local revenue, federal revenue, private grants, and earned fees.
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