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Former charter operator Aspira declares bankruptcy, could keep profit from sale of taxpayer-funded building

On a busy stretch of North Milwaukee Avenue, the four-story windows of a sleek white limestone building are devoid of activity just weeks before the start of school.

The state spent $27 million to build the former charter school just over a decade ago. But instead of getting ready to welcome back students, the Avondale building is on the verge of being sold to a real-estate investment company for a fraction of what taxpayers spent to co…

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Chicago Sun Times broke the news in Chicago, United States on Wednesday, August 12, 2026.
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