Brevard Academy To Pursue Loan For Arts Building – Brevard, NC
Last updated 1/20/2021 at 4:04pm
The Brevard Academy: A Challenge Foundation Academy Board of Directors unanimously voted last Wednesday to pursue the feasibility of receiving a $1 million from the U.S. Department of Agriculture (USDA) for an arts building.
The school already has a $7 million loan with the USDA to pay for its current campus.
Cory Draughon of Charter Success Partners (CSP), which handles the school’s financial records, said the school is in “very good position” in regard to the amount of money it spends on rent and debt service.
“You have some room here,” said Draughon of the school spending m...