Birmingham-Southern College deal to sell to Miles College expires

13 NEWS BEGINS WITH BREAKING NEWS. THE BREAKING NEWS REGARDING THE SALE OF BIRMINGHAM-SOUTHERN COLLEGE. THANKS FOR JOINING US. I’M BRITTANY DECKER. I’M GUY RAWLINGS MOMENTS AGO, WE LEARNED MILES COLLEGE IS NO LONGER PURCHASING THE CAMPUS. WE BRING IN WVTM 13 EMMA OWENS FOR THE LATEST. HEY, GUYS, I WANT TO GIVE YOU SOME BACKGROUND ON HOW BIRMINGHAM-SOUTHERN SAYS THIS ALL HAPPENED IN A STATEMENT FROM THE SCHOOL. THEY SAY THEY’VE BEEN WORKING WITH MILES FOR THE SALE OF CAMPUS SINCE MAY. WELL, IN SEPTEMBER, BIRMINGHAM SOUTHERN SAYS A PURCHASE AGREEMENT WAS EXECUTED WITH A CLOSING DATE OF OCTOBER 25TH. THEY THEN TELL US THE CLOSING DATE WAS PUSHED BACK TO TODAY, NOVEMBER 25TH, AFTER MILES REQUESTED A SECOND EXTENSION EARLIER THIS MONTH. THAT REQUEST WAS DECLINED AND THE AGREEMENT HAS NOW EXPIRED. NOW, HERE’S PART OF A STATEMENT FROM BIRMINGHAM SOUTHERN. I WANT TO SHOW YOU THIS RIGHT NOW. IT READS, QUOTE, THE BSC COMMUNITY HAS GREAT RESPECT FOR MILES COLLEGE, ITS STUDENTS, FACULTY, STAFF AND ALUMNI AND APPRECIATES BOTH THE SHARED ROOTS AND THE ALIGNMENT OF MISSIONS. BUT TO MEET ITS COMMITMENTS TO LENDERS AND OTHER CREDITORS, THE BSC BOARD OF TRUSTEES IS OBLIGATED TO SELL THE 192 ACRE CAMPUS PROPERTY AS QUICKLY AS POSSIBLE. NOW, OF COURSE, THIS MEANS THE FUTURE OF BIRMINGHAM SOUTHERN’S CAMPUS IS STILL IN LIMBO. AND OF COURSE, WE’VE BEEN FOLLOWING THIS STORY VERY EXTENSIVELY SINCE THE BEGINNING AND WILL CON