gohammond.com

Hammond Academy to Receive $10 Million in Interest-Free Financing

The Indiana Department of Education has authorized $10 million in interest-free financing for the Hammond Academy of Science and Technology. The funding is part of the American Recovery and Reinvestment Act, commonly referred to as the “Stimulus Act” passed by Congress earlier this year. The new charter school is planned for the site of the old Masonic Temple, which is being demolished.

“The project is certainly on a fast-track, and the decision on interest-free funding is another positive development with this project,” commented Mayor Thomas M. McDermott, Jr. “The new school is one of a series of projects that the City is working on to bring more people into our Downtown area,” noted the Mayor.

The school received approval for charter in June by Ball State University. The project is a culmination of more than 3 years of effort by the City of Hammond and Purdue University Calumet to improve educational opportunities in Hammond. The charter school will serve approximately 550 students in grades 6-12, providing a new cutting-edge approach to education. “We are delighted by the Indiana Department of Education’s decision to fund the school project,” commented Kris Sakelaris, Chairperson of the Hammond Urban Academy, Inc. (HUA) Board of Directors. “We have been working diligently to make this school a success in every aspect,” added Ms. Sakelaris.

The Hammond Academy for Science and Technology will open in August 2010.

For more information regarding this release, contact Rick Calinski at 219 853-6301.

Supporting Documents: