Many Imagine charter schools are part of a portfolio owned by an entertainment and real estate corporation. Nine Imagine schools are in Ohio. They have a business plan that makes them a good investment as long as they don’t get shuttered for poor performance. Imagine buys a building, then rents the building to itself for the school. It pays a very high rent, above market rates. Imagine turns a profit on these sale-leaseback deals.

The New York Times scrutinized Imagine’s business dealings a few years ago.

St. Louis closed six Imagine charters in 2012.

Most taxpayers assume that they are paying for education, not for corporate profits. They don’t understand how for-profit charters work. ProfitsFirst.