Ann Arbor’s Concordia University facing financial crisis

Concordia University in Ann Arbor is facing financial problems that will likely lead to cutbacks of staff and programs.

In an email sent out to Concordia students on Tuesday, President Erik Ankerberg said that the university is spending more money than it’s taking in, particularly on the Ann Arbor campus, and changes must be made to operate within existing revenues.

Ankerberg said that would likely include staff reductions and the disposition of property, facilities and equipment.

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