Two charter schools in Memphis are breaking their ten-year contracts, leaving Memphis because of under enrollment.

http://www.chalkbeat.org/posts/tn/2017/03/27/heres-why-charter-operators-exiting-tennessees-turnaround-district-can-walk-away/

Some residents don’t understand how a charter school can break a ten-year contract.

Apparently the contracts were written on the assumption that the charters would be flooded with applications. They are not.

“Contracts signed by both Gestalt Community Schools and KIPP contain no penalties for exiting the Achievement School District before agreements run out, according to documents obtained by Chalkbeat.

“And by design, that’s not unusual in the charter sector. For better or worse, operators are given that autonomy, according to Dirk Tillotson, a lawyer and founder of a charter incubation organization in California.

“There hasn’t been much attention paid to closures in the law,” Tillotson said of charter laws nationwide. “The laws are more forward-looking than backward-looking when things might blow up.”

“That lack of clarity has suddenly started to matter a lot in Memphis, where charter schools are struggling to attract enough students to stay viable. Both KIPP and Gestalt blame their impending pullouts on under-enrollment — a challenge faced by more than half of the 31 Memphis schools operated by the ASD.”

No miracles.

The bloom is off the rose.