Send a Tweet
Most Popular Choices
Share on Facebook 5 Share on Twitter 2 Printer Friendly Page More Sharing
Best Web OpEds   

Ohio Taxpayers Charged $7.7 Million to Renovate Charter-School Building Valued at $2.4 Million, by Diane Ravitch

Quicklink Submitted By     (# of views)   4 comments, 6 series
Author 40790
Follow Me on Twitter     Message Susan Lee Schwartz
Become a Fan
  (24 fans)


(Image by pixabay.com)   Details   DMCA

Do Ohio taxpayers care what happens to their money? As so often with the charter school, the only profit is to the privateers and hedge funds, not to the  children!  Imagine Schools, a for-profit Charter chain, bought an appliance store in a building valued last year at $2.4 Million. It renovated and passed the bill to Ohio taxpayers for $7.7 Million, triple the building’s value. Under its finance deal, Great Western Academy had to come up with added lease payments totaling $7.7 million over the past decade at times paying nearly $1 million a year in total rent. THAT is the sweet part of the deal...they RENT  the space, then subleases it to an Imagine school.

Read the rest of the story HERE:

At dianeravitch.net

 

- Advertisement -

Rate It | View Ratings

Susan Lee Schwartz Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)
 

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

Other Series: View All 759 Articles in "Public ignorance & those who use this"

Other Series: View All 584 Articles in "Shameful"

Other Series: View All 181 Articles in "War on teachers and the profession"