Education Funding

Developers Help Pay for Colorado Schools

By Joetta L. Sack — September 27, 2005 1 min read
  • Save to favorites
  • Print

A Colorado Springs, Colo., school district has gotten a big financial boost from housing developers as it struggles to build new schools for the students the developments are bringing to the area.

An agreement between the 11,000-student Falcon School District 49 and a group of about 40 developers, who set up a foundation to help pay for school construction, will give the district $10 million this year to build new schools.

The developers, who have pledged another $10 million in coming months, will voluntarily assess a $1,500 fee on each new single-family house and other fees on new townhouses, condominiums, and apartments.

It’s one of the largest grants to a Colorado school system from a developer. The Falcon district has about $113 million in facility needs over the next three years, said the president of its school board, Dave Martin. The district enrolls about 1,000 new students each year, and many existing schools are overcrowded.

If a referendum to increase property taxes passes this fall, the district hopes to build two high schools, a new middle school, and three elementary schools, Mr. Martin said.

A version of this article appeared in the September 28, 2005 edition of Education Week

Events

Classroom Technology Webinar How Pandemic Tech Is (and Is Not) Transforming K-12 Schools
The COVID-19 pandemic—and the resulting rise in virtual learning and big investments in digital learning tools— helped educators propel their technology skills to the next level. Teachers have become more adept at using learning management
This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Sponsor
School & District Management Webinar
Accelerate Learning with Project-Based Learning
Earlier this year, the George Lucas Educational Foundation released four new studies highlighting how project-based learning (PBL) helps accelerate student learning—across age groups, multiple disciplines, and different socio-economic statuses. With this year’s emphasis on unfinished
Content provided by SmartLab Learning
School & District Management Live Online Discussion Principal Overload: How to Manage Anxiety, Stress, and Tough Decisions
According to recent surveys, more than 40 percent of principals are considering leaving their jobs. With the pandemic, running a school building has become even more complicated, and principals' workloads continue to grow. f we

EdWeek Top School Jobs

Teacher Jobs
Search over ten thousand teaching jobs nationwide — elementary, middle, high school and more.
View Jobs
Principal Jobs
Find hundreds of jobs for principals, assistant principals, and other school leadership roles.
View Jobs
Administrator Jobs
Over a thousand district-level jobs: superintendents, directors, more.
View Jobs
Support Staff Jobs
Search thousands of jobs, from paraprofessionals to counselors and more.
View Jobs

Read Next

Education Funding Opinion Don’t Plan on That Federal Education Spending Spree
A Democratic spending spree once depicted as inevitable is shrinking before our eyes, meaning big implications for education.
4 min read
Image shows a multi-tailed arrow hitting the bullseye of a target.
DigitalVision Vectors/Getty
Education Funding Feds Pump $1.5 Billion Extra Toward Schools to Address Cafeteria Food Shortage
The U.S. Department of Agriculture announced funds to help schools more easily purchase U.S.-grown foods amid widespread supply shortages.
1 min read
Empty school cafeteria
iStock/Getty Images Plus
Education Funding Letter to the Editor More Money for Schools Isn’t the Answer
The real problem is not funding but demands that teachers do more than just teach their subject, writes Walt Gardner.
1 min read
Education Funding Opinion Manchin Just Downsized the Dems’ Massive Education Spending Plans
Democratic Sen. Joe Manchin may have blown a gaping hole in the education community’s hopes for supersized new federal outlays.
4 min read
Image shows a multi-tailed arrow hitting the bullseye of a target.
DigitalVision Vectors/Getty