PCSD is thrilled to announce that Lighthouse Community Public Schools was able to purchase the property for Lodestar from us a year earlier than anticipated due to support from the Rogers Family Foundation and the securing of a bond. Lighthouse now fully owns their forever home.
With Lighthouse’s repayment of the $6.38 million in philanthropic funding for the two facility projects for Lodestar, PCSD has now been able to recycle our 5th project from our Bay Area Revolving Charter School Facilities Fund.
PCSD works closely with our charter school partners to find the most affordable long-term facility solution. Sometimes this means that we purchase the property, develop the facility and lease the building to our charter school partner for several years until they are in a position to secure financing to purchase it from us.
PCSD began working with Lighthouse Lodestar in 2017 to develop a former seminary site in Oakland, CA. This site, located in the Sobrante Park neighborhood, serves as the permanent home for Lighthouse’s second school, Lodestar. Phase I of this project was completed in 2018 with 575 student seats for grades K-8.
For Phase II, PCSD expanded the campus to add a high school facility with 300 student seats. The facility was completed in fall 2020 and, due to the pandemic, finally open to students in fall 2021. The school now has a total capacity of 850 student seats, encompassing grades TK-12.