Success Academy Offers Sobering Lesson for Reopening NYC Schools

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(Bloomberg) — If any school in America could find an edge just now — a magic way to reopen kindergarten or teach Algebra online — you might think it was one beloved by Wall Street millionaires and billionaires.

But not even Success Academy, the largest charter-school network in New York, the nation’s largest school district, has easy answers for teaching kids during this pandemic.

As school districts everywhere weigh bringing students back against the risks of spreading the virus, Success Academy offers a sobering lesson about how daunting that calculus has become. This much is certain: reopening schools is now one of the most formidable obstacles to fully reopening New York — and the nation’s entire economy.

Over the years, Success Academy has formed ties with the likes of hedge fund luminaries Dan Loeb, Ken Griffin and John Paulson, who have collectively lavished tens of millions on the network and

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NYC Property Mogul Charles Cohen Sticks With Buy-and-Hold Plan in Crisis

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(Bloomberg) — All over Manhattan, trouble is brewing for billionaire Charles Cohen.

Rent collections lag at the Decoration & Design Building, his Midtown showroom palace for interior designers. He’s 60 days delinquent on loan payments for his 42-floor office tower at 3 Park Avenue South.

Even Quad Cinema, his beloved art-house theater in Greenwich Village, is dark — yet another sign of the travails facing the Cohen empire in the time of Covid-19.

If Cohen is sweating, he’s not admitting it. He is, after all, the scion of one of the city’s great real-estate families, with the psychic freedom of a $3.6 billion fortune.

“New York is going to get through this,” Cohen, 68, said during an interview from his Lexington Avenue headquarters. “At the end of the day, there’s no place like New York.”

Still, the pressure is building — and not only for Charles Cohen. The pandemic threatens

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