Charter proponents like to play the victim–“we’re sooo disadvantaged” –while envisioning the $$ they’ll make off of building charters….as this story illustrates. These aren’t people concerned with education. These are people concerned with profit.
The firm created by Andre Agassi with investors plans to an additional $1 billion to build new charters in urban districts.
Investors say the offer is appealing because of the returns.
Agassi formed a new investment partnership with capital investor Bobby Turner called Turner-Agassi.
It has already built 39 charters.
“Among the Turner-Agassi fund’s investors is the Ewing Marion Kauffman Foundation, which is focused on education and entrepreneurship and has about $2 billion under management. The Kansas City, Missouri-based foundation’s main reason for backing the fund was its “potential for future investment returns,” Chief Investment Officer Mary McLean said in an e-mail.”
Read the story and see if you can find a single reference to education in any context other than a chance to make money.
Eagle 