JACKSON, Tenn. (AP) — The University of Memphis has officially taken ownership of the Lambuth campus and a flag-raising ceremony is scheduled for next month.
The Jackson Sun reports local officials registered the deed to the property on Tuesday, closing a purchase agreement in the works for more than a year (http://bit.ly/sIibfM).
Part of the campus is being leased by the state and is a satellite location of the University of Memphis.
The city of Jackson, Madison County, West Tennessee Healthcare and Jackson Energy Authority signed their rights to the campus over to the state of Tennessee on Monday after paying about $2 million each to fund the $7.9 million purchase of property.
JACKSON, Tenn. (AP) — The University of Memphis is readying its new Lambuth campus in Jackson for classes that begin Aug. 27.
If website traffic is an indication, there is strong interest in the satellite campus. U of M officials said there were more than 8,000 unique visitors to the campus online site, which was launched Friday afternoon.
The campus will include seven buildings on the campus of the former private Lambuth University, according to The Jackson Sun.
U of M wants to begin with 250 students and increase enrollment on the Jackson campus to 1,000 students over five years.
The campus will offer courses in education, business and nursing this fall.
University officials hope to draw students from the West Tennessee region to the Jackson campus.
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.
The Tennessee Board of Regents approved on Friday the next step toward the University of Memphis’ acquisition of the Lambuth University campus in Jackson, reports The Commercial Appeal.
On Thursday the Tennessee Higher Education Commission approved the feasibility study to take over the campus, a study that included $3.5 million for safety repairs and $15 million in longer-term maintenance.
Next week the executive subcommittee of the state building commission is expected to vote on allowing U of M to lease the campus for $1 a year while Lambuth is in bankruptcy, said Monica Greppin, director of communications for the board of regents.
Once out of bankruptcy, plans are also in play for the school’s purchase, Greppin said.
“There is a stakeholder committee that has worked out an agreement to purchase the campus from Lambuth,” she said. “Once the stakeholders acquire the campus they’ll transfer ownership to the board of regents.”
The future of Lambuth University has been cloudy since the private Methodist college lost accreditation in December, reports the Commercial Appeal, and there’s at least some talk about the state taking it over.
When Gov. Bill Haslam visited Jackson recently, (Jackson Mayor Jerry) Gist talked to him about Lambuth’s woes. According to Gist, Haslam said he would be meeting with Shirley Raines, the University of Memphis president, and would mention the prospect of U of M taking over the campus as some kind of satellite or extension.
“The governor is currently gathering information about the situation in Lambuth,” said David Smith, Haslam’s press secretary.
State Senate majority leader Mark Norris, R-Collierville, said he’s aware of talks about the possibility of U of M acquiring Lambuth, but doesn’t know details.
“There is no such association being discussed by the U of M with anybody,” said Curt Guenther, a U of M spokesman. “There has been a rumor that the mayor of Jackson and the governor, or somebody from his office, or somebody from the state government in Nashville, may have been discussing such an association, but the U of M is not part of any such discussions, even if they have been taking place.”