The Belmont-Cragin Elementary and Early Childhood Center will serve 500 students.
The school, on the 6100-block of West Fullerton Avenue, will offer dual language programs and a fine arts curriculum.
The new 83,000-square-foot facility offers students access to a black box theater, a music room, a library, an art room, and 32 modern classrooms with scenic views of Riis Park.
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CPS said the dual language curriculum will allow students to become bilingual and biliterate in both English and Spanish.