Aspira to Let Judge Decide What Happens to Money From Sale of Taxpayer-Funded School in Avondale – WBEZ (Chicago)

Aspira to let judge decide what happens to money from sale of taxpayer-funded school in Avondale – WBEZ (Chicago)

The nonprofit said it would put money from the sale of its former charter school built with $27 million in state grants into an account it cannot access until a judge decides its fate. Previously, Aspira had planned to use some of the proceeds for its own operations. State officials have not responded to questions about whether they will go after the proceeds, nor have their attorneys shown up in court.

Aspira to let judge decide what happens to money from sale of taxpayer-funded school, after WBEZ report

The nonprofit said it would put money from the sale of its former charter school built with $27 million in state grants into an account it cannot access until a judge decides its fate. Previously, Aspira had planned to use some of the proceeds for its own operations.

Aspira Avondale School Sale: Judge to Decide Proceeds

Aspira of Illinois wants to sell its $27M Avondale campus for $11M as it navigates bankruptcy, but CPS and creditors are fighting over the money.

Aspira to let judge decide what happens to money from sale of taxpayer-funded school, after WBEZ report | Illinois State Bar Association

Aspira to let judge decide what happens to money from sale of taxpayer-funded school, after WBEZ reportThe nonprofit said it would put money from the sale of its former charter school built with $27 million in state grants into an account it cannot access until a judge decides its fate. Previously, Aspira had planned to use some of the proceeds for its own operations. Source: Chicago Sun