On the topic of what happens to the physical assets of closed colleges, here’s one I just saw: The Ramirez Family Foundation (which I can’t find anything about on Wikipedia, but appears to fund Christian K–12 schools in the US, Puerto Rico, and Central America?) just purchased the campus of the former Cardinal Strich University for $24M. It sounds like they’re intending to open a new K–12-level school there, but there weren’t a lot of specifics.
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