More on Imagine charters, Inc.

This from WaPo's Valerie Strauss:

Essentially, Imagine sells its buildings to a company that leases them back to Imagine, which pays extremely high rent with public dollars. The paper reported that Imagine’s 2010 annual report shows that revenue grew to $265 million that year from $95 million in 2006. Furthermore, students in Imagine schools in St. Louis performed worse this year on standardized tests than practically any other school in the city. Now, Missouri Education Commissioner Chris Nicastro is urging Missouri Baptist University to close the six Imagine charters that it sponsors.