Miles College is responding to the end of its ongoing deal to acquire the Birmingham-Southern College campus.A news release on Monday said the purchase agreement between the two schools expired at 3 p.m.Miles College issued the following statement on Tuesday:”While we are certainly disappointed by the pause in our efforts to acquire the Birmingham-Southern campus, our commitment to growth and expansion remains steadfast.”We will continue to explore every avenue to secure this opportunity in the future. This setback does not deter us; it motivates us to pursue excellence and opportunity with greater determination.”> > PREVIOUS COVERAGE: BSC stated the owners continued to work with Miles to complete the sale after Miles had requested a deadline extension.State representative Juandalynn Givan said Monday she had concerns from the beginning.”If you go on that campus and you can’t reasonably acquire the debt and whatever that means, all of that entails, and then you be able to service the rehabilitation of those buildings and deferred maintenance and do it with knowing you’re walking in the door, putting in worth about 20 million, if not close to 30 million, I’m going to suggest to anybody not don’t do it, hold up,” Givan said. > > PREVIOUS COVERAGE: Future of Miles College campus still unknown after reaching deal to buy Birmingham-Southern propertyMiles asked for a second deadline extension to Dec. 24, but that was denied, according to the news release.”The BSC community has great respect for Miles College, its students, faculty, staff, and alumni, and appreciates both the shared roots and the alignment of missions. But to meet its commitments to lenders and other creditors, the BSC Board of Trustees is obligated to sell the 192-acre campus property as quickly as possible,” said the BSC news release.>> WVTM 13 ON-THE-GO: Download our app for freeGivan explained what she believes needs to happen in the future.”You’re asking the community to buy into you now so you need to come with a full development plan in order for the campus to be successful,” Givan said. “You’ve got to give this campus something it hasn’t had. That’s life. That’s revitalization. It’s modernization because you’re going to have a revitalization and a modernization plan.”
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