I attended Lambuth College in Jackson TN., which closed in 2010. University of Memphis bought it and installed a satellite campus there, but when I drive through there now the “magic” feels dead.
I was a teacher, chair and advisor at The Art Institute of Dallas, and many of my former students are rising in their early or midcareers in advertising, animation, video, interior design, audio, and in culinary careers. Closed several years ago.
The parent company (nominally non-profit) was EDMC, which collapsed after Covid. Argosy and all of the Art Institutes closed, and South University (named after its manager/owner, not the region of the country) survives. Sad that the AIs closed, they filled a nice niche, regional art schools that offered robust BFAs.
Buildings have life cycles and after a 50-year life, it is no surprise that the economic and functional life has ended. Happens all the time. Land values change which explains the razing of the building.
For next week, review the chapter on highest and best use.
I am more interested in you being a bot now. Seemingly a good bot at pulling info, kind of like a better Google. Just still bad at understanding how articles, or even how human interactions, work. Fascinating! I wonder if you will get those things eventually. My guess is yes. Thanks for dropping in, bot!
I attended Lambuth College in Jackson TN., which closed in 2010. University of Memphis bought it and installed a satellite campus there, but when I drive through there now the “magic” feels dead.
Bummer. I hear that a lot about acquired and merged campuses.
I was a teacher, chair and advisor at The Art Institute of Dallas, and many of my former students are rising in their early or midcareers in advertising, animation, video, interior design, audio, and in culinary careers. Closed several years ago.
Seems those art institutes have been closing at crazy high rates!
The parent company (nominally non-profit) was EDMC, which collapsed after Covid. Argosy and all of the Art Institutes closed, and South University (named after its manager/owner, not the region of the country) survives. Sad that the AIs closed, they filled a nice niche, regional art schools that offered robust BFAs.
I should have a post soon on for-profit closures. Tons of those shells floating around.
Here's one to keep an eye on. Limestone University in Gaffney, SC is closing down. Founded in 1845.
Buildings have life cycles and after a 50-year life, it is no surprise that the economic and functional life has ended. Happens all the time. Land values change which explains the razing of the building.
For next week, review the chapter on highest and best use.
It is no surprise that buildings change use. Wrote all about it here: https://www.collegetowns.org/p/no-you-and-a-couple-of-friends-shouldnt?utm_source=publication-search
I am not sure what you mean on chapter review. I sort of suspect you might be a bot!
Whether I’m a bot or not, you never quite say why colleges are failing and you’re conspicuously silent on:
The decline in student population and trends for the future
The cost of attending college
The decline in SAT scores
The anticipated decline in Federal and State funding, regardless of politics
Poor financial reporting, a la University of Arizona - It’s probably the tip of the iceberg
Why small college towns rarely recover from a college failure
And then there’s the lack of real estate savvy:
No comment on the economic life of specialized buildings
What happens when the land value as if vacant exceeds the value in the existing condition
No real in-depth case studies
Yes I’m a bot. Work harder and smarter
I am more interested in you being a bot now. Seemingly a good bot at pulling info, kind of like a better Google. Just still bad at understanding how articles, or even how human interactions, work. Fascinating! I wonder if you will get those things eventually. My guess is yes. Thanks for dropping in, bot!