DETROIT – One of the top K-8 schools in Detroit does not own its building. They’re turning to an unconventional tool to raise the money to buy it outright.
Less than 10 years ago, the building that’s now home to the top charter school in the Pingree Park neighborhood, Detroit Prep, was vacant.
Now, if you peer into the school on any given weekday, you’ll see 452 kids getting a quality education.
“It’s like an Architectural Digest school that our kids get to go to, that is free and open to the kids in our neighborhood,” Sarah Bowman, a Detroit Prep parent who lives in the neighborhood, said. “It’s amazing.”
Bowman is a mom to three kids. They all go to Detroit Prep and live steps from the school.
For years before Detroit Prep moved in, she drove by the vacant brick building.
“Like a lot of people, I saw blight, but also opportunity,” Bowman said.
Opportunity is exactly what co-founder and executive director Kyle Smitley saw, too.
“It’s 111 years old,” Smitley said, standing inside the building. “The floors here are the original pine floors from when it was first built. We love this space.”
The building of the once vacant Joyce Elementary School would soon be a home-away-from-home for 452 kids.
Smitley and her team set out to make the K-8 school not only a top school academically, but also the most joyful.
“Not only are they making our kids into great students, they are really wanting to make each student here a great human,” parent Chris Ratcliff said.
They want to keep doing that work and do it in this building.
They first acquired the former Detroit Public School space in 2017 through the New Markets Tax Credit program; it’s still held in that tax structure.
“We then had to have a compliance period of seven years where we had to hit all of these different benchmarks and submit all of these different forms and audits and a million different things,” Smitley said. “We never missed one, and we were always on time for all of them.”
They’ve poured out years of heart and hustle. Now, they have the rare opportunity to buy the building outright and reduce long-term debt.
They need $250,000. They’re going back to the support that’s sustained them.
“Let’s just have a proper GoFundMe,” Smitley said. “Let’s raise the money the way that we did the first time.”
They have about three to four months, according to Smitley.
“Owning this building, what will that do for the community?” Local 4 asked.
“I think, for the community, owning this building means Detroit Prep is committed for the long haul,” Bowman said.
Smitley says the value of the homes in the area has increased by 518% since the school moved into the building. She wants to continue adding value and community to the neighborhood.