Harvard-Westlake School Raises $90 Million for New Athletic Campus
Harvard-Westlake School, known for educating Hollywood stars, plans to borrow $90 million through municipal bonds to fund a new athletic campus in Los Angeles. The project includes state-of-the-art sports facilities for the school's 90 sports teams.
Harvard-Westlake School, a prestigious private school, is venturing into the public debt market for the first time to raise funds for a new athletic campus in Los Angeles. The school plans to borrow nearly $90 million through municipal bonds to finance the construction of the new facility, which will include an Olympic-sized swimming pool, tennis courts, a clubhouse, and a putting green.
The project, funded mainly through donations, aims to address the limited space on the current campus, as stated by Beth Slattery, head of the school's upper school. The bond sale by Harvard-Westlake is part of a trend among elite private schools seeking public financing for large-scale projects.
Harvard-Westlake School was formed about 35 years ago through the merger of the Harvard School for boys and Westlake School for girls. The school has a long-standing reputation for academic excellence and has produced several notable alumni from the entertainment industry.
The school's plans to develop the new athletic campus have sparked local opposition due to the transformation of a former recreation club site. Despite the challenges, the school has already begun construction and aims to complete the project by the end of 2026.