The Birmingham City Council passed a resolution Tuesday promising $2.5 million to $5 million to aid the financially troubled Birmingham-Southern College.
Without ARPA funds, how does BSC plan to remain open? There are two likely solutions, both of which would set a new precedent for state government’s involvement with private higher education institutions.
Financially distraught Birmingham Southern College (BSC) is staying open after its board unanimously voted not to close its doors Wednesday night, despite failing to obtain a bailout from taxpayers.
The Birmingham Southern Board of Trustees is still trying to figure out what to do in the face of lackluster legislative support surrounding the financially embattled private college’s requested $37.5 million bailout.
The Birmingham City Council is divided in its support for a Birmingham Southern College bailout, even as Gov. Kay Ivey, state legislators and a Jefferson County commissioner have already expressed disinterest in forking up money for the private school.