Elite Avenues School Drops Plan to Tempt Transplants to Miami With $48,500 Tuition

Private school operator Avenues has abandoned plans to build a sprawling campus in the heart of Miami aimed at wealthy transplants willing to pay at least $48,500 a year.

The owners of the for-profit institution have “indefinitely suspended” development of the $180 million campus due to financing challenges and there’s no plan to revive the project, according to spokeswoman Tara Powers. The site in Miami’s Little Haiti neighborhood, which was on track to open next fall, would have been one of Miami’s largest private schools, serving about 2,500 students.