Wednesday, June 6, 2012

Complex charter school saga in Fulton becomes more complicated with loan default | Get Schooled

Complex charter school saga in Fulton becomes more complicated with loan default | Get Schooled:


Complex charter school saga in Fulton becomes more complicated with loan default

The complexities around the non-renewal of the charter for the Fulton Science Academy Middle School in Alpharetta just grew even more complicated with this report that the school and its sister schools are now in default on a nearly $19 million construction loan.
From AJC. com:
Fulton Science Academy Middle School and its two sister schools have been declared in default on an $18.9 million construction loan for failing to disclose last fall that the academy’s public school charter was in trouble, documents obtained Wednesday show.
In a default notice dated May 15, an official with Wells Fargo Bank said the three schools 


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