Alumni group buys campus of Antioch College in Yellow Springs, Ohio

Jul 1, 2009 1:01 PM

From The Associated Press: Antioch University has agreed to transfer the campus of financially strapped Antioch College in Yellow Springs, Ohio, to an alumni group that plans to turn it into an independent school. But any reopening of Antioch College is at least two years away and hinges on a list of conditions. The university temporarily closed the college a year ago because of financial problems caused by declining enrollment, a heavy dependence on tuition and a small endowment. Antioch University also has campuses in Seattle, Los Angeles, Santa Barbara, Calif., and Keene, N.H.

FROM MARCH 2008: Negotiations to sell Antioch College in Yellow Springs, Ohio, to an independent corporation of wealthy alumni  have failed. The college will close for at least one year on June 30 as originally planned unless faculty win a pending lawsuit against the school. Antioch University, the school's parent organization had agreed to a purchase price of $12.2 million, but subsequently rejected the offer. The university says it needs the entire amount up front  to keep its creditors satisfied.
Read The Dayton Daily News article.

FROM OCTOBER 2007: Alumni of Antioch College in Yellow Springs, Ohio, will present a plan at the end of the month to keep the school from temporarily closing. Art Zucker, chairman of the school's board of trustees, says alumni have raised about $12 million in cash and pledges to try to keep the college from closing next summer. Antioch officials announced in June that they intend to restructure the college, upgrade facilities and reopen in 2012. (Columbus Dispatch)

EARLIER: The board of trustees at Antioch College in Yellow Springs, Ohio, says that the school has run out of money and will close in July 2008. Only a few hundred undergraduates are willing to pay $35,400 a year for tuition, room and board to attend this laboratory for American liberal education, where verbal assessment—not grades—is a measure of academic performance. (Los Angeles Times)