Greg Vennett's questions to PURE CYCLE (PCYO) leadership • Q3 2024
Question
Focused on the Sky Ranch school, asking about its funding, capacity, and expansion plans. Also inquired about the competitive landscape for the development and the status of its entitlements.
Answer
The company donated the land for the school, but it was funded and is operated by a partner, National Heritage Academy. It's a public charter school with a capacity of 850 students, and there is a site for a second school if demand warrants it. The company believes it has a strong competitive advantage due to its cost basis, location, and amenities, and confirmed the entire 3,200-home project is fully entitled.