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Message: [QUOTE="andy34, post: 4294256, member: 7239"] Remember a few years back when Putnam Science Academy ("PSA") temporarily closed and transferred their prep basketball program to Woodstock Academy, only to rise from the ashes shortly after because some private donor(s) bailed them out? Seems like their financial issues aren't exactly behind them, even though they won another national prep championship last month. The Town of Putnam [URL='https://www.facebook.com/winyradio/posts/5537301602948697']just announced a tax sale of delinquent properties[/URL] scheduled for August that includes 5 properties owned by PSA. Apparently they owe over $850,000 in back taxes. I'd bet they get bailed out again, but it does make me wonder what the business model is, exactly, for these institutions. [/QUOTE]