Rilke Schule German Immersion Charter School will move to Lake Otis Elementary in Anchorage, Alaska, for the 2024-2025 school year after the Anchorage School Board voted to close the school amid a $90 million budget shortfall. The decision was made by the school's Academic Policy Committee, which unanimously accepted the site to better accommodate its nearly 500 students. Rilke Schule had previously relocated to the former Abbott Loop Elementary building, but concerns about its adequacy for the school's growth prompted the move to Lake Otis. The Anchorage School District has sought to improve facilities for charter schools, recognizing their increasing enrollment. The district's Chief Operating Officer, Jim Anderson, emphasized the importance of providing suitable environments for successful schools. The lease cost for Rilke Schule is expected to drop from over $824,000 to $7,000 next year, shifting capital costs to the district. Anchorage voters will decide on $20 million in repairs for Lake Otis in the upcoming municipal election, which could include necessary upgrades to the aging facility. Despite previous attempts to close the school, community pushback has influenced the district's decisions regarding school facilities and funding.