A Cincinnati charter school threatened by a lack of funding will not reopen for this upcoming school year, forcing hundreds of parents to scramble to find a new school for their children.
VLT Academy, headquartered on Central Parkway across from Horseshoe Casino, has been padlocked and closed down following a lawsuit filed July 31. Its landlords – Sun Building Limited Partnership, LitVak Holdings, LLC and Triage Properties, LLC – are suing the school for more than $1.5 million in unpaid rent.
In its lawsuit, Sun Building claims VLT Academy owes it more than $1.5 million, not including daily penalties and other lease agreement-related fines. LitVak Holdings said the school owes it more than $90,000, and Triage Properties claims it is owed more than $67,000.