Brett Bymaster

Rocketship Asks City for Help Securing a $35 Million Loan

Rocketship schools have been cropping up throughout Santa Clara County, where the company eventually plans to operate upward of 20 campuses.

A private nonprofit charter school chain wants the city to act as a conduit financer for a $35 million loan to build another campus and make improvements at a couple others. Rocketship schools, owned by San Jose-based Launchpad Development Company, will ask the City Council to approve the bond issuance when it meets Tuesday. The council also considers plans to regulate pot clubs, accept an insurance settlement for a burnt-down historic home and OK a contract with the city’s police union.

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