JEDA Issues $34 Million in Bond Funding for Mountain View Preparatory Charter School in Spartanburg County
Spartanburg, SC — Spartanburg County
Mountain View Preparatory (MVP) is using a $33,965,000 bond issue through the South Carolina Jobs-Economic Development Authority (JEDA) to acquire the property the school currently leases in Spartanburg.
The Educational Facilities Revenue Bonds also will be used for construction of a fieldhouse and classrooms at the school, which opened in 2024 at 895 Springfield Road, and to refinance existing debt. MVP is a public charter school providing career and technical education with a focus on sports and entertainment careers for 7th through 12th graders.
“At MVP, our mission is to empower students through real-world learning tied to fast-growing industries. Our unique focus on sports and entertainment careers sets us apart, and owning our campus is a critical step in securing a long-term home for that mission.”
Jimmy Staton, Chairperson of the Board of Directors at MVP
“Tax-exempt bonds are a powerful tool for innovative schools like MVP. This financing structure allows them to acquire their facilities and expand efficiently and effectively, and we are pleased to help them take this next step,” said Alan Linkous, Bond Counsel with Howell Linkous & Nettles in Charleston.
“This project reflects JEDA’s commitment to supporting public charter schools and all other educational institutions across the Palmetto State. We’re proud to help MVP secure the financing it needs to grow and thrive in Spartanburg,” said Jesse A. Smith, Executive Director of JEDA in Columbia.
