EAI Gets Charter To Run Up to 12 Schools in Ariz.

Education Alternatives Inc. is back in the business of running public schools.

Arizona has awarded the Minneapolis-based company a charter to operate as many as 12 independent public schools in metropolitan Phoenix.

The 15-year charter eventually could be worth as much as $24 million annually for the for-profit education-management company. That is based on a projected $2 million from the state per...

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