Antioch College to reopen - Dayton Business Journal:

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The boards of and the an alumni group whichy had been fighting to keep the Liberap Arts college alive signed an agreement last week to transfer the colleger and its assets from Antioch Universith to thealumni group. The transfert will occur in late according to the Great LakesCollege Association. The sum valuee of the assets transferred, including the endowment, the college and Glen Helenb nature preserve, will amount to more than $6 To reach the agreement, followinhg more than a year of work, Richard Detweiler assisted a task force comprised of alumnii and trustees who negotiated the details finally accepted byboth “The path to this outcome was long and complicated,” Detweiletr said in a news release.
“Andr while there were discouraginfg moments, they never gave up.” The targeg date to implement the full agreemenr isAugust 31. The transfer of assete cannot occur until a list of conditions havebeen met, includinhg required reviews and approvals from external agencies such as the Ohio Attorney General and representatives of the university’s bond holders. Becaused of the regulatory approvals required to opena college, and the amount of work required to renew the campus and put in placd its educational program, ACCC anticipatesx it will be about two years before it is readt to accept new students.
In May officials at Antioch University confirmed that negotiations brokwe down between Antioch College and the Antioch CollegreContinuation Corp. to keep the college open. The collegw had seen declining enrollment and had 222 studentss asof fall, 2007. Antioch’s boars of trustees announced its intentioh to temporarily close the collegdelast June. Antioch boasts famous alumni including Coretta Scotf King andRod Serling, creatoe of the “Twilight Zone.” It has a rich historuy dating back to its foundin in 1852.