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New York to Give $72 Million to Help Build Charter Schools

HeadlineFeb 16, 2010

In education news here in New York, the Daily News reports three politically connected charter schools are expected to receive over $72 million in city money to build new schools. The announcement comes just weeks after the city voted to close nineteen public schools. Part of the $72 million in construction money will go to PAVE Academy in Brooklyn. The school was founded by Spencer Robertson, the son of a billionaire hedge fund manager. Also receiving construction money will be the Harlem Promise Academy founded by Geoffrey Canada, a close ally of Mayor Mike Bloomberg. The third charter school receiving construction funds is Peninsula Preparatory Academy in Queens, which state Senate President Malcolm Smith helped found.

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