"On Friday, the SUNY Trustees postponed voting on renewing or closing the New Covenant Charter School, which is operated by the for-profit Victory Schools, Inc. Here's a clip from the Times Union:
Committee chairman Pedro Noguera said trustees will push off the decision until the board's February meeting. He said questions still remain about the school's financial solvency and that its improvement could not be ignored. In a tense meeting attended by a group of New Covenant parents, students and staff, it was revealed that the school owes $2.4 million more on its building than it is worth, or $15.8 million on a property estimated to be worth $13.4 million."