The Astonishing Cost of Eva Moskowitz’s Success Academies

Diane Ravitch's blog

Earlier this year, Eva Moskowitz and the Wall Street hedge fund managers who support her NYC charter chain, Success Academy, thoroughly defeated Mayor Bill de Blasio. The mayor thought he could limit the expansion of her charters, even thought he could charge her rent for the use of public space, but her backers launched a $5 million negative advertising blitz against de Blasio.

Governor Cuomo, the recipient of nearly $1 million in campaign contributions from backers of Miskowitz’s charters, pledged his loyalty to her. The Néw York legislature quickly passed legislation guaranteeing her the right to expand, forbade the city from charging rent to charters, and required the city to pay the rent for private space for charter schools.

Here is the result, as reported in the Wall Street Journal and reposted by blogger Perdido Street.

“Lease documents show the city is paying almost $18,000 in rent for every…

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