Former tennis star Andre Agassi and a group of investment bankers have joined forces to create an unusual for-profit fund dedicated to building up to $750 million worth of charter schools in urban communities. The goal of the Canyon-Agassi Charter School Facilities Fund is to develop 75 schools over the next three to four years while earning money for the investors, which include Citigroup Inc. and Intel Corp. The fund’s first campus, in North Philadelphia, is scheduled to open in August as part of the Knowledge Is Power Program.
A version of this article appeared in the June 08, 2011 edition of Education Week as Tennis Star, Bankers Team Up to Build Charter Schools
