Reply to "Birmingham Southern College -- Serious Financial Issues"

CubsFanInSTL1,000+ posts

@PABaseball, Birmingham-Southern is/was an excellent academic institution, but, no, poorly managed institutions don't deserve a life raft without a change in leadership. Even then, this school looks like it may be too weak to bring it back to life. Right now it is in discussions for $5 million loans with the city and securing private loans. With no change leadership, this looks foolish. The city has a strong interest in keeping the college open, though, as its closing would impede/jeopardize the plans it has in place for development in that part of town. It will be interesting to see how this plays out as it may serve to be a template for others...

11/25/233:56 PM

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