re: Here is what happens to a college football stadium after the university goes bankrupt

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Here is what happens to a college football stadium after the university lets Aramark handle the consessions

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Sadly, HBCUs are a victim of their own success. Several generations back, major universities were not open to black students and the HBCUs were there to serve them. Today, given the opportunity, these students want to attend a different type of university.

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btw the college went bankrupt due to a woman stealing most of the money while she was employed there..think she went to jail...

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On Monday, Cross pleaded guilty to one count of embezzlement for defrauding the government of financial aid money, admitting to knowingly accepting money for students who were not enrolled to try to stave off the school's impending financial crisis. Cross also has agreed to pay $11,000 in restitution to the government, the amount the federal Department of Education said it is owed stemming from the fraud charge.

The plea deal brought to a close the six-year saga that began with Cross's presidency and ended with the college losing its accreditation and two top former administrators facing prison time.

Cross, 69, along with former financial aid director Parvesh Singh, were charged in a 34-count federal indictment in 2004 for misappropriating student financial aid. While she and Singh used the federal aid to try to patch financial holes at Morris Brown, neither benefited personally from the fraud, lawyers for both sides said Monday. Each of the charges carried a maximum sentence of two to five years.

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In 2002, months after Cross left the college, the agency that oversees Southern schools revoked Morris Brown's accreditation, the most serious sanction that can be taken against a college. Accreditation is certification that a college provides a reasonably good quality education. The commission cited the school's grave financial situation and lack of a viable recovery plan.

Findling said Cross, a longtime educator, had hoped her presidency would improve the college's academic standing and "build on the college's traditions."

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Now administrators at Morris Brown, which still faces class action lawsuits from students and other litigation from creditors, say they will focus on the future. At its height during Cross' tenure, the college's enrollment had swelled to 2,700 students. Just 44 students remain.

"The Morris Brown College family is elated that this sad chapter in the college's history has come to closure, " said Getchel Caldwell, the school's vice president for institutional advancement. "We look forward to moving forward with rebuilding the college."

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