From Diane Ravitch’s blog:
The Aspire charter chain in Memphis is in trouble and debating its future.This is one of billionaire Reed Hastings’ investments, and it is not faring well.
Facing a roughly $2 million operating deficit and lagging academic progress, a California-based charter organization that runs four schools in Memphis is reconsidering its future in the city — even floating the possibility of pulling out of the area altogether.
At a public meeting on Friday, Aspire’s national board discussed with its Memphis staff four possible scenarios for moving forward. Board chair Jonathan Garfinkel said that changes are anticipated, given the budget deficit and the fact that academic “results have not been what we’ve hoped.”
As a result, Aspire could cease to oversee its four Memphis schools, which serve some 1,600 students in total. This wouldn’t mean the schools would close…
READ MORE about the future of Aspire in Memphis
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