Last Spring, Student First Academy closed after only 8 months of formal operation as a charter school reportedly because of financial mismanagement. Today, one of 11 new charter schools in Mecklenburg County, Concrete Roses STEM Academy, has told parents it is shutting its doors after only four weeks of operation. The Charlotte Observer is reporting the suspected reason is insolvency, however, there is no indication it is due to mishandling of funds.
Concrete Roses STEM was one of 11 charter schools approved by the state a year ago for the 2014-15 school year. At the time of its application, the school’s anticipated enrollment was one of the largest for proposed charters in Mecklenburg, with 2,400 students in grades K-12 expected by its 10th year of operation.