NewsMiami Today NewsAugust 5, 2026Miami-Dade
Miami-Dade commissioners approve $40 million in Arizona-issued bonds for True North Classical Academy
Miami-Dade County commissioners authorized an Arizona government entity to issue $40 million in bonds to fund the True North Classical Academy at Gateway. This financing arrangement allows the charter school network to access capital through an out-of-state municipal bond issuance.
Read the full story at Miami Today NewsWhy It Matters
The approval enables a local to secure $40 million in capital funding for its campus facilities through an unconventional cross-state bond agreement.
Key Facts
- Miami-Dade commissioners approved a $40 million bond issuance.
- The bonds are being issued by an arm of the Arizona government.
- The funds are designated for the True North Classical Academy at Gateway campus.
- True North Classical Academy operates four charter schools and two preschool locations in the area.
Who's Mentioned
organizationMiami-Dade commissioners“The local governing body that approved the bond issuance.”organizationEquitable Facilities Fund Inc.“The Delaware corporation acting as an intermediary for the bond proceeds.”location6500 SW 97th Ave.“The address of the True North Classical Academy at Gateway campus.”organizationMiami-Dade County Commission“The local government body that approved the bond issuance.”locationArizona“The state whose government entity is issuing the bonds.”organizationTrue North Classical Academy“The charter school receiving the bond funding.”organizationArizona Industrial Development Authority“The entity issuing the tax-exempt bonds.”personAnthony Rodriguez“Commission Chairman who sponsored the legislation.”locationTrue North Classical Academy at Gateway“The specific campus receiving the bond proceeds.”