The State of Alabama could not provide a loan to financially distressed Birmingham-Southern College (BSC), but they have made it clear they can buy.
BSC has already failed. It isn’t coming back. What is selling off the physical remnants of the place going to do for anyone?
Birmingham-Southern College (BSC) needed money to fund its expensive capital projects, ornamenting its gated “hilltop in the hood,” as some occasionally called it.
BSC was pronounced dead and DNR (do-not-resuscitate) over the last several years by an Alabama Legislature largely unsympathetic to its plight. But we only see the tip of the iceberg.