What would be the best way to fund an expansion

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Question - Patricia Parisi twirled her pink pen between her fingers as she peered out of her office window onto St. Clement's Avenue. As principal of St. Clement's School (SCS) for the last nine years, Parisi had numerous daily responsibilities and decisions to make regarding the governance of the staff, programs, facilities and the 12 grades of students currently attending the all-girls private school. It was November 2, 2004, and today her most pressing business was the recommendation to the SCS board of governors concerning whether to expand the school's facility and operations. SCS had recently purchased the last house on the south block of St. Clement's Avenue and had successfully attained the property rezoning required to build the proposed expansion of the school building. Parisi had a lot to think about as she considered the possible transition to a larger facility for the school. What would be the best way to fund an expansion? Would she be able to operate a bigger school within the approved budget without increasing the school's enrollment? Most importantly, would SCS be able to maintain its distinctive culture with a larger operation?

Reference no: EM132478849

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