The exact opposite of how school funding works

This is a description from a great article from Pete Wells about new restaurants in NYC and the ways in which they are created. His larger point about how many groups are excluded is set up by this description:

Most restaurants, though, are funded by loans and private backers. Aby Rosen, one of the owners of the Seagram Building, recently told a reporter for Town & Country how he had raised $32 million for the Pool, the Grilland another restaurant the Major Food Group is building there. He and the restaurateurs solicited investments from “a nice mix of hedge fund guys, fashionistas, rich guys — an interesting group of 100 people who then bring 20 or 30 of their friends, and suddenly you have 2,000 people.”

Sadly, this approach doesn’t work for new schools.

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