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Message
re: Birmingham-Southern reaches D3 Baseball World Series... school is now shuttered forever
Posted on 5/20/24 at 2:06 pm to FairhopeTider
Posted on 5/20/24 at 2:06 pm to FairhopeTider
quote:
quote:
Who keeps the trophy?
The Bank that will take possession of the school property.
It’s a sad story really. They hired a president that mismanaged a lot funds and spent like crazy. It put them in the hole and they haven’t been able to recover. The legislature passed a distressed college loan program just to save the school but the state treasurer is a douche and after leading them on for several months, denied the loan. By that time, it was too late to save the 160 year old school.
It was the right call by the Treasurer.
He prevented what would have been yet another slow bleed that wouldn't have prevented the school closing in 5 - 7 years, anyway.
National and Alabama Gen Z demographics, neighborhood dynamics, the scarlet letter it already had as a doomed school, etc., etc.
There are way too many small, private schools in the South, Northeast, and Midwest that are on the brink right now or will be very soon. Don't throw good money after bad with public dollars.
Posted on 5/24/24 at 5:25 pm to AbuTheMonkey
Please tell me your extensive knowledge of the state of Alabama and its colleges please.
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