History of IDEA
Jeannie Oakes, Founder and Former Director
Youth Voice in School Finance
NEW REPORT: Los Angeles' road to A-G for all
Without Dollars and Sense Powerpoint
Past Educational Opportunity Reports
Former tennis star Andre Agassi teams with L.A. bankers to finance charter school construction
- 06-03-2011
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By Roger Vincent/Los Angeles Times
Former tennis star Andre Agassi has joined with Los Angeles bankers to create an unusual for-profit investment fund for construction of as much as $750 million worth of charter schools in urban communities across the country. The goal of the fund is to develop 75 schools serving 40,000 students over the next three or four years while earning a financial return for investors, which include Citigroup Inc. and Intel Corp. "It's a novel business model," said investment banker Bobby Turner, fund manager at Canyon Capital Realty Advisors. His Century City firm is Agassi's partner in the Canyon‐Agassi Charter School Facilities Fund. (more...)
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