Greg Vennett's questions to Pure Cycle Corp (PCYO) leadership • Q3 2024
Question
A private investor, Greg Vennett, asked about the financing and partnership model for the Sky Ranch Academy school, its current and future capacity, and the competitive landscape for entry-level housing in the Denver market.
Answer
Executive Mark Harding clarified that Pure Cycle donated the land for the school, but it was funded and is operated by their partner, National Heritage Academy. The current K-8 school has a capacity of 850 students and is on track to expand with a high school campus. Harding asserted that Pure Cycle maintains a strong competitive advantage in the entry-level housing market due to its favorable land basis, prime location, existing entitlements, and the significant time and cost barriers for new competing projects.