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Tarabicos Grosso, LLP Closes on Landmark Charter School Acquisition and Financing Transaction

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Tarabicos Grosso, LLP was proud to serve as counsel to Odyssey Charter School, a premier Delaware public charter school, in the closing of its acquisition of approximately 36 acres located in Barley Mill Plaza in Wilmington on February 18, 2015.  The acquisition and redevelopment of the new school campus was financed through the issuance of $34.65MM in bonds by The Delaware Economic Development Authority, the largest such bond offering for a Delaware charter school.  The firm provided real estate, land use/development, corporate and commercial law expertise to Odyssey over the past two years leading up to the closing.

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Odyssey Charter School operates under a charter issued by the Department of Education of the State of Delaware, and is unique in its focus on a classical education with a particular specialization in mathematics and Greek language studies.   The school presently serves 933 students, split between a lower school educating students in grades K through 4, and a middle school serving grades 5 through 7.  Grades 8 through 12 will be added in successive years until Odyssey Charter School realizes its ultimate goal of becoming a full K-12 school beginning in the 2019-20 academic year.  (At right, an architect’s rendering of the completed campus.)

Present at execution of the conveyance and financing documents were (L to R): Scott Matthews, Esq., Tarabicos Grosso, LLP, counsel to Odyssey; Geoff Grosso, Esq., Tarabicos Grosso, LLP, counsel to Odyssey; Emilie Ninan, Esq., Ballard Spahr, LLP, bond counsel; Mr. George Chambers, President of the School’s Board of Directors; Mr. George Righos, Vice President of the School’s Board of Directors; and Dr. Nick Manolakos, Headmaster.

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Tarabicos Grosso, LLP
One Corporate Commons
100 West Commons Boulevard
Suite 415
New Castle, DE 19720
302-757-7800
www.tarabicosgrosso.com

 

About HBA of Delaware

HBA/DE has been an integral part of the growth and economic development of the State of Delaware since 1947. HBA/DE was founded as a non-profit state affiliate of the National Association of Home Builders (NAHB) representing home builders and other businesses directly related to Delaware's Home Building Industry. Consisting of Builders, Remodelers and a group of diversified associate members, the Home Builders Association of Delaware strives to protect and preserve housing as a symbol of America. www.hbade.org

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