The Finance Gap: Charter Schools and Their Facilities.

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This study examines the facilities experiences of charter schools in fourteen states and the District of Columbia, jurisdictions that house 75 percent of the nations charter schools. The findings substantiate and detail the belief that facilities are the number one hurdle for charter school developers. Researchers conducted over 100 interviews with representatives of public schools, including charter schools and charter school networks; federal, state and local public education officials; representatives of public school advocacy groups, partners, and resource centers; and representatives of the real estate and finance communities. This report documents the shared experiences of charter schools with innovative financing mechanisms, private sector involvement in facilities financing, and the use of instructional revenue for the repayment of debt. It also offers recommendations for public and private sector participants. [Authors' abstract.]
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