The Transportation Infrastructure Investment Fund Council denies a $900,000 grant for the ASPIRA Georgetown charter school project due to eligibility requirements.
The Delaware Transportation Infrastructure Investment Fund Council has rejected a $900,000 grant application for the ASPIRA Georgetown charter school expansion in Sussex County. The grant was sought by property owner Dan Bond of ASPIRA Georgetown OZ Property Management to fund site improvements, including road repaving and sidewalk installation. Council officials stated the denial was based on legal advice that the charter school, as a public entity, does not meet the state's definition of a business required for the fund's eligibility.
The project, a conversion of a former cold storage facility, is now slated for a September 2027 opening after previous delays. The development carries a total estimated cost of $16 million, with $7 million in federal tax credits and a $500,000 pre-construction loan from NeighborGood Partners already secured. Project leads are now seeking alternative financing solutions to address the shortfall caused by the grant denial.
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