The Birmingham City Council on Tuesday approved an “intent to commit” one-time funding to help the financially struggling Birmingham-Southern College stay open and viable.
“We almost didn’t make it,” he said.
The resolution said funding from the city remains contingent on the college first securing funding through the state’s newly established Distressed Institutions of Higher Education Revolving Loan Program. The state passed legislation,, that will allow the college to take up to a $30 million loan to help it stay open.
Coleman said college athletes have been moving on campus this week and freshmen will be moving into dormitories starting Friday in time for the first day of classes on Aug. 23 as the college begins its fall semester. “We want to make sure that we’re investing in a school that is going to invest back into our students and into our city,” Moore said. “We don’t want to have any more vacancies in our city, in terms of blighted areas, so that’s a major concern for us. But we also want to make sure that Birmingham-Southern is a good faith partner to our city schools as well.”
Coleman said 2023 fall enrollment will be in the range of about 750 to 775 students. With increased financial stability, he’s hoping the college will get back to an enrollment of about 1,200 to 1,500 students in the future. Council member Hunter Williams said keeping Birmingham-Southern College open means $70 million in annual economic impact, with 300 to 400 employees and an average of 1,000 students. “That’s a big impact on the city of Birmingham, and really the entire metro area,” Williams said. “One thing Birmingham absolutely needs is a way we can keep young talent in our city.”
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