Officials with an Alabama college at risk of closure after a hoped-for loan from the state fell through now say they're confident they can complete the academic year.
BIRMINGHAM, Ala. — Officials at Birmingham-Southern College say options are firming up to keep the 167-year-old private, liberal arts institution open at least for the rest of the school year after a hoped-for $30 million bridge loan from the state fell through.
Coleman said Friday that they’ll likely be able to put together enough funds to sustain operations, at least for one more semester. Birmingham Mayor Randall Woodfin is scheduled to present a $5 million economic development plan, which would partially support the school, to the city council on Nov. 21.
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