JEDA Finances Construction of New Oceanside Collegiate Academy

Posted on October 11, 2017 - News, Success Story

Mount Pleasant, SC — Charleston County

Oceanside Collegiate Academy will build its new facility using a $11 million bond issue through the South Carolina Jobs-Economic Development Authority (JEDA).

The school opened with a statewide charter in August 2016 in the former McClellanville Middle School. The new facility will be on a 20-acre site at Carolina Park on Faison Road in Mount Pleasant.

The financing is comprised of $10.39 million in a tax-exempt Education Facilities Revenue Bond issue and a $610,000 taxable bond issue. The project includes 31,252 square feet of classroom space for grades 9-12 and a 12,735 square-foot gym.

“We’re excited to be building a home of its own for Oceanside Collegiate Academy. JEDA bond financing was critical to making this happen.”
– Dr. Marvin Arnsdorff, Board Chairman for Oceanside Collegiate Academy

“JEDA is pleased to once again help a South Carolina charter school build a new home for students from the ground up,” said Harry A. Huntley, CPA, Executive Director of JEDA in Columbia.