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DENVER — A Denver charter high school that will teach students by letting them run businesses reached an agreement for a building site with Denver Public Schools, according to an announcement Tuesday.

Denver Venture School will operate out of the old Crofton Elementary School building at 2409 Arapahoe St. beginning in August.

The school is progressing with building its program, conducting a lottery Friday that selected 120 students for the founding ninth-grade class. The school eventually will grow to a complete high school through the 12th grade and will serve about 450 students.

The school has formed partnerships with both expeditionary learning and Junior Achievement and has raised about $1.4 million, including money from the Colorado Small Schools Initiative, the Walton Family Foundation, the Piton Foundation, the Rose Community Foundation and the Colorado Department of Education.

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