Mavericks Charges Charter Schools $350K in Rent, Plus Fees
This is sure to bring out a new round of troll attacks. From Lisa Rab in the New Times:
When a private company aims to profit from a taxpayer-funded public school, the extra dough must come from somewhere. For Mavericks in Education Florida, the charter school chain headquartered in West Palm Beach, leasing agreements appear to be one source of cash.
Remember, Mavericks is a for-profit company, but each of its eight schools in Florida is run by a separate nonprofit. Mavericks charges the nonprofits an annual management fee for overseeing operations at the schools, and it also charges them rent.
Mavericks president Frank Biden says the company turns a profit because of its savvy real estate choices. “It’s all about the buildings we buy,” he says.”Certainly the operation of the schools isn’t