Logos Public Charter School has received a $3.9 million loan from Medford-based People’s Bank of Commerce, which school officials say will enable them to complete construction of its new school.
The $6.2 million school is under construction at 1203 N. Ross Lane in Medford. The school has been building a capital fund and saved nearly 40 percent of the cost prior to launching plans for the new building.
JB Steel began construction in July on the school designed by architect Gary Caperna, and the school is expected to open in the fall of 2019.
The loan was signed off on by People’s Bank of Commerce CEO Ken Trautman, Vice President Thomas Knox, Logos Board Chair Dave Dotterer and Executive Director Sheryl Zimmerer.
The loan follows the donation to Logos in April of 4.7 acres valued at more than $1 million from the Wes Howard Memorial Foundation. Howard owned the property near the intersection of Ross Lane and Rossanley Drive in northwest Medford and bequeathed it to the foundation to be used for children’s programs.
The charter school, which was established with the approval of the Medford School District, will provide almost 26,000 square feet in its new location for its 1,000 students. The single-story building will have 12 classrooms, a music room, a science lab, an art room, a special education room, an assembly room for up to 150 people, a library, a play area, 16 offices and 10 private multipurpose rooms where teachers can meet with students and parents. There will also be a large, fenced play area outdoors, a school garden, covered patio area, bike racks and parking lot.
Logos works primarily with home-schooled students, providing electives and other classes the students may not have access to at home.