Charters Struggle in Search for Affordable Space
Before Le Monde French Immersion Public Charter School opened its doors last fall in Portland, Ore., it had already overcome one of the biggest challenges facing charter schools: finding and financing its facility.
"It was a traumatic experience," said Shouka Rezvani, the board president for the independent public school. "We all know what our academic models are, but as a startup, you have no financial history that you can fall back on with respect to getting money."
Unlike regular public school systems, which can seek taxpayer-backed bonds for school construction and renovation, many charter schools have no mechanism in place to offset their facilities costs. And while some of the larger charter networks have more experience and financial track records to fall back on, startup charters are hit particularly hard when seeking loans and other financial assistance because of their lack of a financial history, experts...
This article is available to subscribers only.
To keep reading this article and more, subscribe now or start a 2-week FREE trial.
Access selected articles, e-newsletters and more!
- Randolph, MA Superintendent
- NESDEC, Randolph, MA
- Superintendent of Schools
- Orleans Parish School District, New Orleans, LA
- Senior Content and Curriculum Leader
- BrightBytes, San Francisco, CA
- Chief Schools Officer - International Baccalaureate (IB)
- International Baccalaureate, Bethesda, MD
- Grand Center Arts Academy, St. Louis, MO