Saturday, February 23, 2013

One Idaho Charter School Gone, Another Restructures Rent Agreement

Posted By on Sat, Feb 23, 2013 at 1:00 PM

In the same week that one Idaho charter school—Garden City's DaVinci Charter School—closed its doors, another charter—Xavier Charter School in Twin Falls—said it had a new plan to keep its doors open.

On Friday, DaVinci officials said goodbye to 130 students and 18 full- and part-time staff after financial struggles forced them to close the school, which opened in 2006.

Meanwhile, this morning's Twin Falls Times-News reports that Xavier officials have reached an agreement on rental fees with the landlord of the school's Magic Valley facility. Xavier officials said they will pay the landlord $480,000 per year during the next three years—down from the original price of $809,000. Xavier officials said they ultimately hope to purchase the property where their school currently sits.

The financial restructuring was presented Friday before a meeting of the Idaho Public Charter School Commission in Boise.

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