Town Approves Bonds For Charter School Expansion

HEMPSTEAD, NY — The Town of Hempstead's Local Development Corp has authorized the sale of millions of dollars of tax-exempt bonds to the Evergreen Charter School in Hempstead to allow it to build and equiq a new building.

The LDC provides low-interest and tax-exempt bond financing to not-for-profits, educational institutions, hospitals, civic entities or charitable organizations within the Town of Hempstead. It approved $72 million in tax-exempt bonds for the school.

The bond sale is still subject to approval by Town Supervisor Donald X. Clavin.

“Hundreds of the children enrolled in the Evergreen Charter School will benefit from this bond sale, which will allow the school to expand to accommodate its growing enrollment,” said Hempstead LDC CEO Frederick Parola.

Evergreen offers free bi-lingual education as an alternative to the Hempstead public school system. It currently serves students in grades K-10 and has been approved to expand to serve students K-12 for the 2023-24 school year.

Evergreen plans to construct an 85,000-square-foot classroom building on 1.41 vacant acres at 27-33 and 27-39 Laurel Ave. and 495 Peninsula Blvd. in Hempstead that will be used by 750 students in grades 7-12. The Peninsula property has a 15,000-square-foot warehouse that will be used for parking. The school will add 35 full-time-equivalent jobs within three-years of the project’s completion. About 250 construction industry jobs are expected to be created.

Evergreen also has classrooms at various buildings which it uses to provide educational opportunities in the Village of Hempstead.