In October 2020, BASIS Baton Rouge completed a financing to acquire a site and construct their second school in Baton Rouge, a primary school to serve grades K-5. The site will be called the Mid-City campus and is located on Florida Blvd.
BASIS opened its first campus in Baton Rouge in fall 2018, a K-6 school enrolling approximately 680 students in fiscal 2021 (BASIS Baton Rouge – Materra Campus). Consistent with other BASIS network schools around the country, the Materra campus has already achieved compelling academic results, including significantly outperforming the local district even in its first year of operation, very strong student retention, and a wait list equaling enrollment.
The Mid-City campus will open in Fall 2021 and ultimately serve 720 students in grades K-5. The facility will consist of approximately 43,000 sq. ft. with 27 classrooms, an exercise and multi-purpose rooms, administrative and other space. BASIS Baton Rouge received support from New Schools for Baton Rouge, which has provided philanthropic and other assistance to BASIS towards this project. East Baton Rouge Parish Public Schools authorizes the two BASIS Baton Rouge campuses as Type 1 charters.
Buck Financial Advisors LLC served as Financial Advisor to the borrower, Friends of BASIS Louisiana, who will lease the facility to BASIS Baton Rouge. CLI Capital was the lender on the project. Warren Charter Law served as borrower’s counsel, and Coldwater Ventures is serving as Owners Representative on the project. Congratulations to the students and families of Baton Rouge, and the staff of BASIS Baton Rouge.