It's for a good cause, providing a high-quality education to the children of the poor. It even assuages the conscience of Sherman Financial Group, one of the worst offenders in the cut-throat debt collection world. It's called Meeting Street Academy. [See previous discussion in this blog.]However.
Should the City of Charleston have spent almost $5 million to purchase property for building the school? Could the City Council not come to an agreement with the Charleston County School District to use one of its old properties that is just lying around going to waste, adding to CCSD's expenses but not income?
Or is the City Council now encouraging a parallel universe of alternate schooling that bypasses its discredited school district?
What happens if Sherman Financial Group decides to get out of the school business and sell the school? Do the new private owners get the sweetheart deal too?
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