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February 16, 2010

New York to Give $72 Million to Help Build Charter Schools
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In education news here in New York, the Daily News reports three
politically connected charter schools are expected to receive over $72
million in city money to build new schools. The announcement comes just
weeks after the city voted to close nineteen public schools. Part of the
$72 million in construction money will go to PAVE Academy in Brooklyn.
The school was founded by Spencer Robertson, the son of a billionaire
hedge fund manager. Also receiving construction money will be the Harlem
Promise Academy founded by Geoffrey Canada, a close ally of Mayor Mike
Bloomberg. The third charter school receiving construction funds is
Peninsula Preparatory Academy in Queens, which state Senate President
Malcolm Smith helped found.



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