Indeed, many neighborhood schools would make this trade. Public charter schools draw their instructional personnel from diverse sources. It is important that public charter schools have this flexibility. Over 1000 public charter schools have opened their doors in the 33 states that have passed charter school legislation. A small number of these schools have closed for one reason or another, a handful for reasons of financial mismanagement or malfeasance.
Charter schools are accountable schools.
If we believe our rhetoric about holding charter schools accountable for living up to the terms of their charters, we must expect and allow a certain number of them to close. It is a sign the system is healthy.