Charter schools are big business. There are, of course, exceptions where charter schools are a grass roots effort to provide an alternative. If you ever doubted the motives behind most charter schools, give this a read; it is disgusting.
This is one of Valerie Strauss’s best columns, where she reviews a television interview with Dennis Brain, the CEO of Entertainment Properties Trust. Brain is a big investor in charter schools, and he is bullish about the future.
Here is a small snippet of the interview:
DB: Well I think it’s a very stable business, very recession-resistant. It’s a very high-demand product. There’s 400,000 kids on waiting lists for charter schools … the industry’s growing about 12-14% a year. So it’s a high-growth, very stable, recession-resistant business. It’s a public payer, the state is the payer on this, uh, category, and uh, if you do business with states with solid treasuries. then it’s a very solid business.
Anchor: Well let me ask you about potential risks, here, to your charter school portfolio, because I understand that three of your nine “Imagine” schools are scheduled to actually lose their charters for…
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