Miles College has signed a letter of intent (LOI) to begin negotiations to purchase Birmingham-Southern College, the private liberal arts school that closed May 31, The Birmingham Times has learned.
Reached Sunday afternoon, a spokesperson for Miles told the Times, “Yes, I can confirm that the letter has been signed, but neither President [Bobbie] Knight nor the college will make any further comments at this time.”
Daniel Coleman, president of the Birmingham Southern when it closed May 31, after it was unable to secure a loan from the state, told The Times late Sunday that he would not comment on the LOI.
