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$20M to Help Fund New Great Hearts School

The new Great Hearts Maryvale school will be built using as much as $20M in tax-free bonds recently approved by Maricopa County’s Industrial Development Authority and donor contributions. Credit: The Arizona Republic

By Rebekah L. Sanders for The Arizona Republic

Great Hearts Academies, a charter-school network with roughly two dozen sites in Arizona and Texas, plans to open a new campus in Maryvale in 2018.

The school, which will be located near 47th Avenue and Camelback Road, will grow to serve children in grades 3-12 who graduate from Maryvale Preparatory Academy, a partner school with more than 500 children in lower grades and a wait list of roughly 400 students.

The new school will be built using as much as $20M in tax-free bonds recently approved by Maricopa County’s Industrial Development Authority and donor contributions. Great Hearts also hopes to take advantage of a financing program created by Gov. Doug Ducey that helps expand high-performing schools with wait lists.

Another $20M from the bond deal will fund improvements at Great Hearts’ Arcadia location, Veritas Preparatory Academy. The bond sale uses no taxpayer money, though the governor’s financing program does.

‘A Revival Going on in Maryvale’

“The new campus is going to allow Maryvale Prep (which opened in 2012) to serve more than 1,000 students,” said Dan Scoggin, Great Hearts co-founder and chief advancement officer. “There’s a revival going on in Maryvale, and Great Hearts wants to be a part of it. And we have for five years, but we’re really going to the next level” with the new campus…

Read more at The Arizona Republic.

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