Charter school fails and bondholders get bailout - 2009-11-29

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F42.png Charter school fails and bondholders get bailout November 29, 2009, Star Tribune

The restructuring lowered the school's long-term debt from $10.7 million to $6.6 million. But less than 12 months later, the school went broke and closed. The new bondholders had downtown land, an improved building and equipment valued at $7.4 million. The building was sold two years later for $3.5 million to the Church of Scientology.


{{cite news | title = Charter school fails and bondholders get bailout | url = http://www.startribune.com/local/77654822.html?elr=KArksLckD8EQDUoaEyqyP4O:DW3ckUiD3aPc:_Yyc:aU1yDEmP:QMDCinchO7DU | work = Star Tribune | date = November 29, 2009 | accessdate = January 14, 2017 }}