Oh, please. There is no evidence whatsoever that a school closing strategy works. Chicago already tried closing "failing" schools under Arne Duncan; that was a train wreck. The money saved from schools closings is relatively small, and there is very little evidence that school closings lead to positive outcomes.
Here in NJ, Newark put together a school closing strategy that Bruce Baker showed had neither rhyme nor reason when it came to student outcomes. One thing was certain, however: every school slated for closing had a higher concentration of students in poverty than any charter school in the city.
Which is what this is really all about: closing schools to make way for private, unaccountable charters that will segregate the kids by socio-economic status, special need, language, and even race. In the case of Chicago, the plutocrats who run the schools get the added bonus of punishing the uppity teachers who dared to stand up for themselves this past fall.
This is the plan for Newark and Chicago and New York and Detroit and New Orleans and Los Angeles... but not for the wealthy white suburbs surrounding them. Those parents enjoy a locally-elected and accountable school board, adequacy in funding, stability, and policies that integrate the special needs students into the system (even if the districts themselves are racially and economically isolated).
Apparently, this is fine for the 'burbs. But in the cities? Well, you know... those people really can't be trusted to run their own schools.
Local control remains a white people thing.