Antioch College put up for sale

Sunday,  March 30, 2008 11:05 PM

 

YELLOW SPRINGS, Ohio—Antioch University is offering its flagship Antioch College for sale to any buyer that can provide the full payment up front, after negotiations with an alumni group failed, a university spokeswoman said today.  The university and an alumni group attempting to take over Antioch College's operations called off negotiations Friday after school officials declined the group's "best and final" offer to pay half of the $12.2 million price over five years.  The school wants the full payment at closing of the deal.

 

Antioch now says it is open to negotiations with any potential buyer — including the group of wealthy alumni and former trustees that make up the Antioch College Continuation Corporation — that can provide all of the money at closing.  If the trustees feel "they can work out the financing on $12.2 million, the rest is definitely workable," said Antioch University spokeswoman Lynda Sirk.  The alumni group has been negotiating with the university since December.

 

Full story at http://dispatch.com/live/content/local_news/stories/2008/03/30/antioch.html?sid=101

Antioch board taking steps to spin off college

Business First of Columbus

Monday, June 9, 2008 - 12:05 PM EDT

 

A resolution at a weekend meeting of the board of trustees at Antioch University could mean a future - of some kind - for Antioch College.  The university's board at a Saturday meeting in New Hampshire approved a resolution that put the future of its Yellow Springs college in the hands of alumni.  The resolution requests that the Antioch College Alumni Association "create the necessary process, plans and resources for the development of a four-year, residential, independent liberal arts college in Yellow Springs, and a transfer of assets from the university."

 

Full story at http://columbus.bizjournals.com/columbus/stories/2008/06/09/daily4.html

Alumni group offers $6.5 million for Antioch College

Tuesday,  January 13, 2009 2:36 PM

 

DAYTON, Ohio (AP) - An alumni group at financially strapped Antioch College says it is willing to pay $6.5 million toward creating an independent school separate from its parent, Antioch University.  The amount is included in a letter of intent approved by the alumni group and university trustees.  The letter announced Tuesday isn't binding but sets up a framework to negotiate an agreement between the trustees and the alumni group.  The letter calls for a 90-day period for the alumni group to reach fundraising goals and get governmental approval for the financial agreement.

 

The college in Yellow Springs, Ohio, is temporarily closed amid financial problems caused by declining enrollment, a heavy dependence on tuition and a small endowment.  The college is the flagship of Antioch University, which also has campuses in Seattle, Los Angeles, Santa Barbara, Calif., and Keene, N.H.

 

Full story at http://dispatch.com/live/content/local_news/stories/2009/01/13/antioch.html?sid=101

^

It couldn't be the flagship if it's closed.  The flagship has sunk?

A new Antioch College closer to becoming reality

University board sets June 30 as transfer date for assets to new independent school

By Dave Larsen, Dayton Daily News Staff Writer

Updated 6:46 PM; Saturday, May 30, 2009

 

Antioch University’s board of governors has set a June 30 deadline for the transfer of university assets to the corporation that would become a new independent Antioch College.  Antioch University closed Antioch College on June 30, 2008, because of declining enrollment and other problems. Since August 2008, however, the university has been negotiating with the Antioch College Continuation Corp. to create a new Antioch College that would be independent of the university.

 

http://www.daytondailynews.com/news/dayton-news/a-new-antioch-college-closer-to-becoming-reality-140659.html

From the Dayton Daily News:

 

Deal reached to open new Antioch College

By Dave Larsen, Staff Writer

 

YELLOW SPRINGS — Winds Cafe patrons clinked their glasses in celebration of a new, independent Antioch College.  “People were toasting to new beginnings and a hopeful new venture for this college that’s meant so much to the town for well over 150 years,” said Sam Eckenrode, a Yellow Springs real-estate agent and newly elected member of the Antioch College alumni board.

 

The boards of Antioch University and the Antioch College Continuation Corp. announced a “historic agreement”Tuesday, June 30, for the creation of the new college.  The corporation will pay $6.08 million to obtain the Antioch College campus, its endowment and Glen Helen nature preserve.  Both boards unanimously voted in favor of a set of definitive agreements for the creation of the college, including the transfer of the Antioch College campus and endowment.  Both boards hope to transfer the assets by Aug. 31 if all conditions are met.

 

More at http://www.daytondailynews.com/news/dayton-news/deal-reached-to-open-new-antioch-college-184436.html

^ Their endowment must be tiny if the whole school sold for $6 million.

Monday, June 14, 2010, 9:42am EDT

Antioch revises name, picks president

Business First of Columbus

 

Antioch University's graduate school began the week with a new president and a new name.

 

The school, situated about 55 miles west of Columbus in Yellow Springs, inaugurated Michael Fishbein as the second president of Antioch University McGregor. The school also was renamed Antioch University Midwest.

 

More at :http://columbus.bizjournals.com/columbus/stories/2010/06/14/daily1.html

 

I once dated an Antioch (Ohio) graduate.  Very attractive, very strange.  Like being in a time warp with Alice through the looking glass.