No lack of money - just lack of priorities

[O3H]

Again and again , projects in Detroit apparently find money, funding, capital, etc, etc. to build things.

Why don't investors build a World Class School System ?

Would it be wrong to go P3 - public private partnership, and funnel literally millions/billions toward the kids - instead of other "items" of questionable needs ?

[Canadian Visitor]

Again and again , projects in Detroit apparently find money, funding, capital, etc, etc. to build things.

Why don't investors build a World Class School System ?

Would it be wrong to go P3 - public private partnership, and funnel literally millions/billions toward the kids - instead of other "items" of questionable needs ?

P3 for building and operating a building is easy. Not always the right answer, but easy enough to understand and manipulate.

For better or worse.

To do so w/an entire program, as in operation is a profound challenge.

Let's be clear, under normal circumstances, highly competent bureaucrats would always [[in theory) produce a more cost-effective outcome than a P3.

The answer lying not in their inherent genius.

But simply in their ability, to imitate market-standard design, but w/o any profit mark-up to the state.

Plus, they get lower interest costs being backed by the state.

The advantages in P3, lie in a few things.

1) Moving debt off gov't books and on to those of the private sector. Its not that the state doesn't have to pay for this, it does. But in the short term it 'looks' better.

2)It is not that gov't does control the fundamental nature of the project. It does. That's part of the tender process. One specifies exactly what one wants.

But what it does allow is the incentive to a contractor to find if there's a cheaper way to do this than the 'norm'. IF there is, they can keep the extra.

3) Finally, there is shift of risk. Once you bid in a P3 and accept the conditions thereof, you absorb the risk of anything that can go wrong. Most bidders factor this into their bid price. But it relieves gov't of uncertainty. The downside being, bidders have charged you for some eventualities that may never happen.

****

To do the above w/OPERATING schools, not as buildings, but as institutions is worse than hard.

How do you calculate your ability to raise ambition?

Your ability to inspire?

Your ability to overcome challenges that have nothing to do w/the classroom, but where someone lives and who their parents are?

Uncertainty is high.

Btw, let's have a look at what quality education can cost.

In Ontario, the public spend is about an extra $2,000 per pupil vs Michigan and we get pretty good results, on average.

That's w/o a private sector mark-up.

Want ideal? A top-notch private school in Toronto charges $30,000 USD per year.

Ontario can't afford that; neither can Michigan.

An important admission is money does not equal quality; but quality doesn't happen w/o money.

[emu steve]

This happened a while ago and before I came on this forum, but didn't Detroit Public Schools go on a spending spree building new schools?

Didn't they build a slew of new schools and then the school enrollment plummeted after the Great Recession [[2008)?

No simple answer to school performance issues.

[Honky Tonk]

Again and again , projects in Detroit apparently find money, funding, capital, etc, etc. to build things.

Why don't investors build a World Class School System ?

Would it be wrong to go P3 - public private partnership, and funnel literally millions/billions toward the kids - instead of other "items" of questionable needs ?

Yet another pointless rant. Your question should be why don't Detroit parents and kids see the value of a good education in today's world, and do everything they can to make sure their child participates and gets one? Otherwise you're probably better off throwing money @ more buildings and food, hoping the hipsters change their addresses and start paying Detroit taxes to start generating some revenue.

[renf]

The Excellent Schools Detroit endeavor was founded in 2010 and may have been funded up to $32 million by foundations and donors. It was closed in June of this year. What did that investment of substantial monies produce? What did the Zuckerberg $100 million for the 45,000 student Newark produce? Do we know how to run effective schools in areas where the poverty rate is about 30 percent?

[ABetterDetroit]

Again and again , projects in Detroit apparently find money, funding, capital, etc, etc. to build things.

Why don't investors build a World Class School System ?

Would it be wrong to go P3 - public private partnership, and funnel literally millions/billions toward the kids - instead of other "items" of questionable needs ?

Hmm... Interesting thought, after 2 decades of siphoning off Michigan tax payers money and sending it to L.L.C.s in Florida with no improvement in education let's do it more?

Building/rehabbing schools for students that never come and drastically destabilizing the DPS budget from year to year has only cost us Billions.

Nothing can function without a stable budget without creating expensive new problems then more money gets thrown at those problems without even audits because Lansing dictated it that way...

Of course there is a political ideological battle being fought so wasteful spending and shipped out of state tax dollars be damned because admitting failure is not a option so just keep pouring more money at it!

Stupid is as Stupid does. Far right conservatives proving they can burn through tax dollars as fast as any liberal when they refuse to admit fucking up.

[O3H]

Detroit has investment money - that's crystal clear and highly evident.
It filed for Chapter 9 with an estimated $18-$20 billion in debt.

Other than just the schools, Detroit needs to restructure MANY items
Why can't it seem to get off the shitter and get to it
- When MONEY by the Freighter Load freely exists and flows ?????

Municipal BOND holders still exist for Detroit in 2017+
they didn't disappear, enter a black hole, run away, etc.

Anyone remember names like
Aurelius Capital Management LP
BlueMountainCapital Management LLC

Got money - Detroit welcomes you !!!
https://investdetroit.com/managed-fu...vestment-fund/