intermediaries. to sign a facilities investment agreement as The test worked. Credit ratings for the charter unlikely pioneer of a new model of public That made Central Falls the first the US educational system, but its children were in the lottery for the Learning (and emerged from) bankruptcy. skills they needed for success in higher education. the teachers’ union, Central Falls became elementary charter school, which opened The bankruptcies of other suggests the next stage of the foundation’s of them after a lawsuit. Civic Builders to serve as subordinated debt slammed their freshly painted blue lockers “They could see that the students KIPP Houston Test scores jumped. public schools—$2,247 less per student according serve the same communities. into district positions and vice versa. able to bridge long-standing divisions. She was so impressed with School officials celebrate the opening of Blackstone Valley Prep middle school, in Central Falls, R.I. (Photograph by Jessica Pothering). core of the foundation’s facilities strategy are billion in 2013, has opened up nearly $1 billion n a p c i s . Because charters often receive less school financing, which was strained even Don’t miss Part 2 of #SSIRLive!’s unique, e-workshop series. to finance charter school construction on showing early signs of having as contagious Then the teachers’ union mounted a ferocious battle against the expansion of charter in educational outcomes, particularly Compact’s financial support. Funds were drawn from this loan to A second PRI was used financing for public education, strengthening But the facilities at more than The District-Charter investments (PRIs) to lower the cost of capital o r g � ˜ � � � � � � � � 6 6 6 6 6 6 6 6 6 v v v v v v v v v 6 6 6 6 6 6 > 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 ¨ 6 6 6 6 6 6 6 6 6 6 ¸ 6 6 6 6 6 6 6 6 6 6 6 6 h H 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 ° 6 6 6 6 6 6 6 6 6 6 2 À Ğ à ğ 0 @ P ` p € � À Ğ à ğ 2 ( Ø è 0 @ P ` p € � À Ğ à ğ 0 @ P ` p € � À Ğ à ğ 0 @ P ` p € � À Ğ à ğ 0 @ P ` p € � À Ğ à ğ 0 @ P ` p € � À Ğ à ğ 0 @ P ` p € � 8 X ø V ~ OJ PJ QJ _HmH nH sH tH.