Sunday, October 23, 2011

One Florida Charter School’s Curious Financial History | Scathing Purple Musings

One Florida Charter School’s Curious Financial History | Scathing Purple Musings:

One Florida Charter School’s Curious Financial History

A Florida Today story take a thorough look at Brevard county’s Imagine Charter School. The school received an “F” this past year and is in danger of being closed. Within the piece written by MacKenzie Ryan are details of the school’s financial history.

Originally opened in 1998 as Milestones Community School, the school later combined with Stepping Stones and became River’s Edge Charter Academy. In 2008, it changed its name to Imagine Schools at West Melbourne.

The effort to expand the school came after two hurricanes pummeled the school’s former building, an old hospital, Sasse said. The school decided it was better to move than try to repair the building.

In 2008, Imagine’s real estate arm, Schoolhouse Finance, bought the land for $1.8 million,