Grand Canyon University's New Nonprofit Status Means Millions In Lost Tax Revenue
Earlier this month, Grand Canyon University announced it will finally be allowed to convert back to a nonprofit university after 14 years using a for-profit model.
University leaders touted the move as good for the community and for students, ensuring the institution’s long term legacy.
But the school’s move to nonprofit status will cost K-12 schools in Arizona and mean millions in lost tax revenue.
The Arizona Republic’s Jessica Boehm joined The Show to talk about all the numbers.