Reply to Does anyone know the status of the Proposed BASIS Expansion

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Reply to "Does anyone know the status of the Proposed BASIS Expansion"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm amazed that they turned down the Friendship acquisition last night![/quote]\

Did they?  What are those Eagle kids going to do with school starting in a week?![/quote]

They're not closing Eagle yet, so probably just ride out the year? Definitely in a death spiral.

It just surprises me because the PCSB seemed very open to the acquisition at the prior meeting. And they've approved similar deals for Friendship in the past.[/quote]

Seemed the same to me as well - especially once the PCSB staff put out a memo recommending that the charter board vote to approve. But during the denial vote discussion, the PCSB charter board members expressed that they felt Eagle wouldn't get sufficient consequences and that the acquisition was happening too quickly to ensure all stakeholders could weigh in and be informed. Reasonable concerns except that the timing could have been much better if Eagle had gotten scrutiny and consequences earlier. [/quote]

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