Exciting Changes for Birmingham: Miles College to Acquire Birmingham-Southern College Campus
In an unexpected turn of events, Birmingham is buzzing with news as Miles College has officially signed a purchase agreement for the 192-acre campus of the financially troubled Birmingham-Southern College (BSC). This significant step comes after both organizations’ Boards of Trustees voted unanimously in favor of the deal.
A New Chapter for Education
The decision was made following a letter of intent from Miles shortly after BSC announced it would close its doors permanently on May 31, following a rough financial period. Miles College has had a long-standing presence in the community and is viewed as a beacon of opportunity and growth. President Bobbie Knight expressed excitement about the acquisition, stating, “It is clear that institutions like Miles College continue to serve as powerful engines of economic growth and opportunity.” She further added that this venture marks a vital milestone in their ongoing mission to uplift not just the college but the entire community surrounding it.
Community-Focused Mission
BSC’s President, Daniel B. Coleman, shared similar sentiments about the agreement, highlighting a shared mission between the two institutions. “Our hope has been to find a buyer whose mission paralleled BSC’s mission of educating young people for lives of service and significance, and whose presence on the Hilltop would also benefit the surrounding communities,” he stated. With its roots in the Methodist tradition, Miles College is seen as aligning perfectly with BSC’s long-standing principles of service and leadership.
The Purchase Details
While the agreement covers the physical property, including the acreage and buildings, it does not extend to the college itself. BSC will continue to function as a corporate entity during a wind-down phase, which involves finalizing various business matters related to the institution. President Coleman assured that both colleges will work closely to ensure a seamless transition during this process.
Next Steps for BSC
Once the purchase is finalized, BSC will collaborate with the Alabama Attorney General’s office to formulate a plan for the college endowment, subsequently seeking court approval, as state law mandates. Coleman indicated that this could be a lengthy process, potentially taking “many months or even years to complete.” He assured that updates would be provided to those connected to the endowment once more information becomes available.
Looking Ahead
As both parties aim to ensure a smooth transition, it’s important to note that the BSC campus will remain closed to visitors for the time being. Unfortunately, specifics regarding the purchase price or terms of the agreement were not disclosed in the recent statements from either institution.
A Bright Future
This acquisition is not merely a transfer of property; it signifies a commitment to continue serving the community. With Miles College recognized for its role in nurturing students and providing educational opportunities that can change lives, the town of Birmingham should feel optimistic about what lies ahead.
From this moment, Miles College is stepping into a new role while preserving the legacy of Birmingham-Southern College. In a world that often sees educational institutions closing, this new chapter is filled with promise and potential for all involved.
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