ATLANTA (AP) - A building that has twice avoided the auction block could be sold to settle a $13.1 million loan owed by an embattled historically black college facing a financial crisis that threatens to close it doors.
Morris Brown College officials were scrambling to thwart the sale of Jordan Hall for a third time. The building houses classrooms and an art gallery and investors stopped auctions scheduled in January and February.
It is the latest in the school's setbacks as it struggles to emerge from $30 million in debt. Last month, Morris Brown was granted an extension on $214,000 in overdue water bills.
Supporters say Morris Brown will not close if Jordan Hall is sold, as dorms will remain open and students and faculty will continue to report to classes.