Will well-paid teachers make a difference?

We'll find out this fall when The Equity Project school opens in Washington Heights, New York, NY.

The school... is premised on the theory that excellent teachers -- and not revolutionary technology, talented principals or small class size -- are the critical ingredient for success. Experts hope it could offer a window into some of the most pressing and elusive questions in education: Is a collection of superb teachers enough to make a great school? Are six-figure salaries the way to get them? And just what makes a teacher great?

[Teachers at the school will earn] $125,000: nearly twice as much as the average New York City public school teacher earns, and about two and a half times as much as the national average for teacher salaries. They also will be eligible for bonuses, based on schoolwide performance, of up to $25,000 in the second year.

Full article in the NY Times.