Reason Foundation

Reason Foundation

Millions More Wasted in Detroit Schools: Real Estate Edition

Lisa Snell
September 24, 2009, 3:33pm

Via Education Week:

Detroit Public Schools overspent millions of dollars in taxpayer money because it botched real estate deals that involved too many agents and inflated property values, according to the findings of an investigation by the district's inspector general.

Here are some of the eye-popping deals:

This huge amount of waste occurred under the state's watch. This happened after the state took over the Detroit school district. Just another indication that a state takeover of schools in financial and academic distress is no guarantee of any future financial or academic improvement for those schools.

Lisa Snell is Director of Education

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