Sale of Southside Fundamental Middle coming back
The Pinellas County School Board delayed the sale of Southside Fundamental Middle last week after some last-minute contract issues. Both superintendent Mike Grego and a lawyer for University Preparatory Academy - the charter school interested in buying the property - agreed that the issues were minor and could be brought back in a couple weeks.
So here it is. The School Board will consider Tuesday whether to sell the property for $1.1 million and, in a separate item, whether to approve a five-year charter for University Preparatory Academy. You can find the contracts on the agenda here.
The new charter wants to enroll 564 students in kindergarten to grade 8 starting this fall. By year five, they hope to have 866 students at the school. In the first year, that's a potential loss to the school district of $3.3 million. (That figure is based on the idea that those students would attend a district school if not for the charter. It's also based on the potential loss of revenue for the district. The charter doesn't get that exact amount when students enroll. The district takes an administrative fee for students enrolled in charters, which is meant to pay for oversight costs.)
Read more about the new charter in this past story.