It's inexcusable that the decision was released to the media before staff and students were informed. Regardless of the issues, there was always hope on the part of those dedicated to providing the best educational experience to the students, that the school could continue. It's so sad.
Apparently, the college reportedly had borrowed $50 million with their real estate as collateral. So, selling their real properties for wasn’t an option.
It's inexcusable that the decision was released to the media before staff and students were informed. Regardless of the issues, there was always hope on the part of those dedicated to providing the best educational experience to the students, that the school could continue. It's so sad.
Should sell and leaseback all the real estate. Instead they do this. Bizarre. Sad. 90 buildings and 46 acres and “no money”?
Apparently, the college reportedly had borrowed $50 million with their real estate as collateral. So, selling their real properties for wasn’t an option.
Apparently, they were allegedly providing an education to people who could solve these problems.