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Negotiators Report Progress on Antioch College

Negotiators Report Progress on Antioch College
April 27, 2009

"Major progress" has been made in negotiations for Antioch University to transfer Antioch College to its own board, clearing the way for the revival of the college, the Great Lakes Colleges Association announced Sunday night. The association has been mediating negotiations between the university, which suspended the college's operations, and alumni who want the college -- the residential liberal arts college in Yellow Springs, Ohio -- to operate on its own. According to a statement from the association, a "preliminary draft of a set of definitive agreements" has been completed, although some issues remain unclear. Some of those issues, involving control of endowment funds and tax status, require approval of groups such as the Internal Revenue Service and the Ohio attorney general's office. The statement said that both sides are working to have board votes on the transfer plan take place by June 30.

 

 

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