JEDA Bonds Finance Acquisition of Leased Campus for Rock Hill’s Riverwalk Academy
Rock Hill, SC — York County
Riverwalk Academy is using a $17.3 million bond issue through the South Carolina Jobs-Economic Development Authority (JEDA) to finance the acquisition of the York County campus which the school has been leasing.
Riverwalk Academy serves about 570 students in grades K-12 at the campus on Mount Gallant Road near Rock Hill, where the South Carolina public charter school first broke ground in 2015.
The educational facilities revenue bonds include a $12,586,000 in tax-exempt issue and a taxable issue in the amount of $780,000.
— Robert Compton, Head of School at Riverwalk Academy
“Working with institutions that educate our future leaders is a particular pleasure. We’re happy that JEDA and Riverwalk Academy turned to us to assist in this financing transaction,” said Sam Howell, Bond Counsel at Howell Linkous & Nettles in Charleston.
“JEDA has been providing bond financing for providers of education facilities ranging from pre-school through college since our beginnings, and we’re excited to be part in assisting Riverwalk Academy reach this milestone,” said Harry A. Huntley, CPA, Executive Director of JEDA in Columbia.
