www.al.com
Miles is landlocked and hard to get to in a declining city. BSC’s campus is larger and very visible is next to a major interstate exit, its prime real estate.
They may not have any choice but to improve the existing campus. The cost of either building new academic buildings or renovating old ones will be high and time consuming.
A&M did make a very low offer..I surmise that Miles' offer was somewhat higher, but not high enough. If no one offers to buy it after this national search, I believe they will be open to another, higher A&M bid. After all, BSC's creditors want it sold so they can get their loan money back.
I doubt if there is any public link for it. BSC's president it was appraised at 55 million, which did not include the apartments on the campus. He placed the value of the entire campus at 75 million.
www.wbrc.com
I doubt if there is any public link for it. BSC's president it was appraised at 55 million, which did not include the apartments on the campus. He placed the value of the entire campus at 75 million.
Birmingham-Southern College president addresses the school's debt repayment
Birmingham officials said they have received reassurance that the loan will be repaid at the appropriate time.
Property, especially real estate, is not a liquid asset, so generally there is no set value. It is not like stocks, bonds or mutual funds where there are active trading markets and you can know the value from day to day. Real estate is really worth only as much as someone will pay for it.
them racist white folks don't want A&M to have it...I knew that all along! BSC is all about white supremacy...they will let that property turn to a wasteland before they let A&M get that prime real estate off the interstate!
I want our main campus to reach 10k+...we not done in Normal yet!
It can't accommodate that many on campus yet. Only freshmen and sophomores are guaranteed on-campus housing. The rest has to stay in off-campus apartments leased by the university. There is talk of building a new dorm, but more than one would be required to house the 8000k, which is the immediate target number.
The interest rate raise has hurt new construction by raising the cost. In the short term, leasing off campus apartments is probably a better deal financially. Hopefully the rates will drop over the next couple of years.
We may not be able to wait on any interest rate decline because the rental rates in Huntsville are so high and still climbing due to population growth. In time, we will have to house students on campus or it will be to expensive to go to school there.
We got ample land and has purchased additional land in areas adjacent to the campus. But additional students means a need for more academic buildings also.
