Trump critic and NBA superstar LeBron James’ new public school will cost taxpayers approximately four times more than his foundation will donate to the school per year, a new report says.
James, who recently joined the Los Angeles Lakers, was widely praised for his efforts and donations in opening up a new school to help disadvantaged kids. However, the Daily Mail reports:
Once the school is established, it will cost the district approximately $8 million to run. The costs will mostly be covered by moving teachers, students and funds from other schools, according to the district.
James’ foundation will contribute $2 million per year once the school is fully functioning with all eight grades in session.
“The coverage made it look like the whole thing is his,” district spokesman Mark Williamson said. “He did a lot, but taxpayers should know it’s their investment too.”
James’ “I Promise” school is expected to be “finished by 2022 with first through eighth grades.”
Cleveland.com notes that James’ foundation has already spent in the millions to help get the school going, which has reportedly been years in the making.
“This school would not have happened without the partnership with LeBron James,” added district Treasurer Ryan Pendleton.