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Tuesday, September 1, 2009
Antioch College deal expected soon
The deal to revive Antioch College announced in June included an Aug. 31 deadline for the closing and transfer of assets from the board of Antioch University to that of the Antioch College Continuation Corporation.
The deadline passed Monday, Aug. 31, without a closing. However, both parties remain confident that their work will be completed soon, according to a statement released Monday by the Great Lakes College Association (GLCA), which has been mediating the negotiations.
The deadline selected by the boards included a provision that more time could be allotted to accommodate required reviews and approvals by external agencies, including state officials and the university’s bond holders.
The university and corporation boards continue to work together toward the transfer, and anticipate jointly announcing a closing date when these external agencies have completed their work, according to the statement.
“While we cannot yet pin down an exact date or begin to celebrate, we do expect a closing soon,” said Richard Detweiler, GLCA president and mediator of the task force to create a new, independent Antioch College in Yellow Springs.
The decision to close Antioch College in June 2008 continued to be debated on Tuesday in higher education trade publications, including the Chronicle of Higher Education and Inside Higher Ed.
The American Association of University Professors (AAUP) on Tuesday released an 60-page report on its investigation into the closing of the historic liberal arts college.
The report claims that Antioch University’s board ignored the college’s established faculty-governance procedures as it considered closing Antioch in 2007. The report also charges that the board did not consider alternatives to declaring financial exigency for the college.
Antioch University on Tuesday was to release its own report, calling the AAUP study “biased and flawed,” according to Inside Higher Ed.
To read the full AAUP report, click here.
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Dave Larsen writes about higher education.
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