The three companies started last school year flush with cash, but flagging enrollment has already lowered the amount of money EdPower and
other turnaround operators have to run the state takeover schools.
Not exact matches
Even if most individual
turnaround attempts fail, you can achieve a cumulative success rate of 70 or 80 % by retrying rapidly: bringing a new, more capable leader; closing the school and starting fresh with a new
operator; or closing the school altogether and dispersing the students to
other, better schools.
And for charter school
operators and
other school
turnaround players, it means putting parents at the head of education decisionmaking and governance.
Failure hurts the
turnaround brand of the
operator or network and prevents the opportunity to scale in
other states throughout the country.
For
others, the show will highlight the lack of charter
operators willing to get involved in
turnarounds — that Barr (and Green Dot) are doing dirty work that almost none of the
other charter
operators are willing to do.