ERIC Number: ED429432
Record Type: RIE
Publication Date: 1998-Feb
Charter School Facility Financing: Constraints and Options. A Study for the Massachusetts Charter School Resource Center.
Dolan, John V.; Murray, Douglas P.; Walsh, Gregory J.
In 1991, the charter school movement began in Minnesota and since then, 28 more states and the District of Columbia have passed similar versions of charter school law. This paper examines a facility planning model designed to help charter schools maximize their chances of succeeding in the effort to secure permanent facilities. The model includes a facility feasibility element that sets the scale and quality towards which project charter schools can, and should, realistically aim to accomplish; an occupancy cost element that determines the level of total facility cost charter schools can, and should, bear; and a credit standards element that determines key financing and operating criteria that charter schools must be willing and able to meet to acquire permanent facilities through either leases or mortgages. The paper also includes a summary of leading facility financing arrangements currently in use by charter schools, and presents recommendations for enhancing charter school facility financing alternatives to benefit more charter schools and to advise prospective facility financing providers. (GR)
Publication Type: Guides - Non-Classroom
Education Level: N/A
Authoring Institution: Pioneer Inst. for Public Policy Research, Boston, MA.