A day after news broke that Miles College signed a letter of intent to buy now-closed BSC, AAMU says it made a second offer that was $13.5 million higher than its first.
Published: Jun. 25, 2024, 2:52 [email protected] the days before Miles College signed a letter of intent to enter into negotiations to purchase Birmingham-Southern College, Alabama A&M made a $65.5 millionto buy the educational institution on the hill on Birmingham’s west side that closed May 31, according to Shannon Reeves, AAMU’s VP of government relations and external affairs.
“We see this increase as a reasonable increase that will clear all BSC outstanding debt,” Reeves said. “As a public institution, we must be good stewards of public funds. Therefore, we hope BSC Trustees will accept our offer.”That Miles signed a letter of intent with BSC on June 19 was reported Monday by the Birmingham Times and confirmed by AL.com.Miles President Bobbie Knight offered no further comment on the letter and would not confirm any of its contents.
“I want to reiterate, what’s important is AAMU’s commitment to maintain the entire BSC property as an academic facility focused solely on higher education,” Reeves added. “Furthermore, we are committed to attempting to bring economic development and increased property value to the surrounding neighborhoods.
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