Questions About Finances Put Edison Project at Crossroads

By Mark Walsh

The Edison Project is entering a critical period in its short existence.

The private, for-profit education-reform effort already has 11 tentative agreements to run innovative public schools beginning in 1995, including a letter of intent approved by the Dade County, Fla., school board last week.

But the Edison Project now must find new investors who will provide the capital to refurbish those schools with new technology and hire professional...

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