SBC Approves $1.1M Lambuth Lease

NASHVILLE, Tenn. (AP) — The State Building Commission has approved a one-year lease of the campus of Lambuth University in Jackson.
The 168-year-old school closed in June after years of financial trouble and the loss of its academic accreditation. The State Building Commission agreed Friday to a $1.1 million lease of the campus with an eye toward a transfer of the property in the future.
The University of Memphis plans to begin offering classes at its regional campus at Lambuth on Aug. 27.
This year’s state budget provided for $11 million over three years to help subsidize the University of Memphis’ operating expenses while developing the Lambuth campus.

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