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Publish Date: 11/11/2005

St. Scholastica Academy sold

The final chapter in the book of St. Scholastica Academy’s 111-year legacy has been written, but a new book is about to be created featuring a new boarding school.

The St. Scholastica Academy property, 615 Pike Ave., has been sold and the new owners plan to open a private boarding school, Royal Peak Academy, for co-ed students ages 13 through 18 after the first of the year.

Octwell LLC, a Utah limited liability company, paid an undisclosed amount for the property located in northwest Cañon City. The transaction was handled by Dan Molello of Jones-Healy Realtors of Pueblo, who said the original list price of $4.5 million was later lowered to $2.5 million.

Dr. Robert Huddleston, managing partner of Octwell, said the new Royal Peak Academy will provide employment for 100.

“It is our intention to recruit students who are seeking an alternative that varies from the traditional public school setting,” Huddleston said in a statement. “The curriculum will be self-paced and competency based, and allow students to work at their own pace under the guidance of certified teachers.”

Huddleston has 30 years of experience in public and higher education as a faculty member and administrator in Arizona, New Mexico and Utah. He recently retired as President of Dixie State College in Utah.

The Benedictine Sisters of Chicago opened St. Scholastica in 1890 and operated it throughout its illustrious history. They have mixed feelings about the sale.

“We’re delighted Octwell will use the property for its best and intended use, which is a boarding school,” said Prioress Sister Jane Smith, OSB. “It is thrilling to think it will benefit some high school children and it will be a good benefit to the city of Cañon City.”

But Smith also said it was hard to figuratively walk away from the school for the final time.

“We have such a long history in Cañon City,” Smith said. “The Academy of course is a big piece of our history, and that is now fading in a sense. It is a very important piece of history, revered by many members of the community.”

Smith said it was harder to actually make the decision to close the school in June 2001 than to see the final sale completed.

“The property has been on the market for a long time, so in that sense we are glad to be able to sell,” Smith said. “But since that time, we have been able to get used to not running the school.”

For more than 100 years, St. Scholastica Academy provided a focused, college-preparatory education and preparatory life program for a diverse student body from across the United States as well as abroad. It boasted a record of sending 90 percent of its graduates on to college.

The school was put on the market in 2002. The Benedictine Sisters felt compelled to close the doors be-cause of the diminishing number of active sisters in the order. St. Scholastica had never been in financial difficulties, maintaining a strict financial stability and paying cash for even large construction projects.

Additional buildings and renovations to existing structures kept the facility in excellent shape throughout the years, according to Molello.

“Octwell is not going to be doing a lot of remodeling or anything like that,” Molello said. “They’re just basically putting it back into operation as a school. It was in excellent condition to begin with so it doesn’t need much done.”

 

 

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