FOR IMMEDIATE RELEASE:MERIDIAN PUBLIC CHARTER REVITALIZES SCHOOL IN D.C.’S U STREET NEIGHBORHOOD
Washington, D.C., October 28, 2011The historic Harrison School building has become the next development in Washington, D.C.’s dynamicU Street neighborhood. A $15.5 million renovation adds 12,000 square feet to the existing 49,000square foot structure to serve hundreds of families and 530 children from early childhood througheighth grade at Meridian Public Charter School.Meridian Chairman Ron Ridker explained the school’s commitment to the U Street area. “TheManhattan Laundry building has served us very well since our inception twelve years ago. We couldhave found a good permanent home for Meridian in other parts of the city, but waited until anappropriate building close to our current location came along, so we could continue serving thecommunity we grew up with. The Manhattan Laundry space will soon be available for other uses.”Primary funding for Meridian’s new home was provided through TRF’s Chase New Markets Tax CreditCharter School Fund, created in partnership with The Reinvestment Fund (TRF) and Chase. A fifty-yearlease signed with the District of Columbia, construction began this week at 13
and V Streets, N.W. forcompletion in August of 2012.In addition to its premier financing partners, Meridian has worked with Building Hope to assemble a topteam: Forrester Construction, Bowie Gridley Architects, and Brailsford & Dunlavey. Building Hope’sPresident S. Joseph Bruno said, “Building Hope is pleased to have helped Meridian assemble this teamand provide the project management to make the Harrison building renovation and addition a success.”Project partners have expressed their strong satisfaction. “Forrester is thrilled to have reachedsuccessful conclusion of our pre-construction services and to be moving into the construction phase of the Meridian Public Charter School project. We look forward to helping enrich the mission of Meridianand providing a facility that will meet the needs and high standards of this great school,” said D. ScottForrester, Principal, Forrester Construction Company.
“Nothing anchors a community like a school,” said Chris Dunlavey, President, Brailsford & Dunlavey.“Chase created this fund last year to help charter schools across the country continue to expand accessto academic opportunities for students during these difficult economic times,” said Dudley Benoit,Senior Vice President of Chase Community Development Banking.“The Chase Fund has allowed TRF to provide the school with long-term equity that will serve it well formany graduating classes to come,” explained Sara Vernon Sterman, Executive Vice President forCommunity Investments and Capital Markets at TRF.For more information, contact:Ronald Ridker, Chairman, Board of Trustees, Meridian PCS, (202) 667-7110,firstname.lastname@example.org Christopher Stiles Siddall, Chairman and President, Meridian-Harrison Qualified Active Low-IncomeCommunity Business, (202) 607-6442,email@example.com