In Birmingham-Southern College’s fight to stay open, leaders have filed a lawsuit against State Treasurer Young Boozer saying he denied the bridge loan they say they need to continue operating.
BIRMINGHAM, Ala. - In Birmingham-Southern College’s fight to stay open, leaders have filed a lawsuit in Montgomery County Circuit Court against State Treasurer Young Boozer saying he denied the bridge loan they say they need to continue operating.
BSC President Daniel Coleman said that although the College has engaged in good faith discussions with Boozer for several months, “unfortunately, our good faith has been betrayed. After several additional attempts over the last two weeks and up through today to get Treasurer Boozer to execute the will of the Alabama Legislature, we have no other choice but to seek remedy from the court.”
In spring 2023, BSC’s Board of Trustees received assurances from legislative leaders supporting a measure to provide bridge funding that, if passed, would put the college in a position to borrow $30 million in bridge funding that would be required to keep it open. Based on that commitment, BCS began enrolling students and filling key faculty and staff positions.
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