While KIPP was building up its enrollment at KIPP Philadelphia, it was paying rent with public dollars to Andre Agassi's real estate company, which was renovating the building. When the renovation is completed, KIPP will buy the building from Turner-Agassi Charter School Investment Fund for $9.2 million, which will provide Agassi's investors over 9 percent return on their investments. This is a 9 percent return without risk.
Wonder why charters are big business?
Meanwhile, one of the KIPP franchises in Memphis has raised a little over four thousand dollars for a library (minus librarian, of course). Sorry, boy and girls, the KIPP business model has not worked out a way to make a profit from your reading.
Wonder why charters are big business?
Meanwhile, one of the KIPP franchises in Memphis has raised a little over four thousand dollars for a library (minus librarian, of course). Sorry, boy and girls, the KIPP business model has not worked out a way to make a profit from your reading.
