The Birmingham Times
Miles College President Bobbie Knight said Wednesday that the institution was “disappointed” that a deadline had expired to purchase the Birmingham-Southern College campus but the school’s commitment to growth and expansion remains steadfast.
“We will continue to explore every avenue to secure this opportunity in the future,” Knight said in a statement. “This setback does not deter us; it motivates us to pursue excellence and opportunity with greater determination.”
The purchase agreement between BSC and Miles ended Monday, meaning it is unlikely the private, historically Black liberal arts college located in Fairfield, Alabama would purchase BSC campus.
BSC issued a statement late Monday that said it has been working with Miles since May when it closed to facilitate the sale of BSC’s 192-acre campus property. “A joint letter of intent was signed on June 19, reflecting BSC’s commitment to working with Miles at the exclusion of significant marketing to other potential buyers,” BSC said Monday.
“The BSC community has great respect for Miles College, its students, faculty, staff, and alumni, and appreciates both the shared roots and the alignment of missions,” said the statement. “But to meet its commitments to lenders and other creditors, the BSC Board of Trustees is obligated to sell the 192-acre campus property as quickly as possible.”
This story was updated at 12:10 a.m. on 11/27/2024
