Birmingham-Southern College's sale to Miles College collapses
- A purchase agreement between Birmingham-Southern College and Miles College was executed on September 25, 2024.
- The college remains up for sale after the deal fell through due to extended deadline requests from Miles College.
- Birmingham-Southern College's board emphasized the urgency to sell the campus to meet commitments to creditors.
In Birmingham, Alabama, the campus of Birmingham-Southern College remained up for sale following the collapse of a proposed sale agreement with Miles College. On November 25, 2024, Miles College's requests to extend the sale deadline were declined, leading to the deal's failure. This incident occurred after BSC closed its doors on May 31, 2024, due to ongoing financial troubles and difficulties securing funding from the state legislature. BSC's campus, spanning 192 acres and valued at $65 million, had been the subject of discussions since a purchase agreement was executed on September 25, 2024, with a closing date originally set for October 25, 2024. The board of Birmingham-Southern cited the need to meet obligations to creditors and sell the property briskly, underscoring the urgency of their situation as the college had previously been home to around 1,000 students.