Alabama
Alabama A&M makes second offer to buy Birmingham-Southern College campus
HUNTSVILLE, Ala. (WHNT) — Alabama A&M University (AAMU) has made a second offer to purchase the Birmingham-Southern College (BSC) campus.
According to an Alabama A&M spokesperson, an increased second offer was made on June 14 for the amount of $65 million.
On May 1, Alabama A&M made an initial offer to purchase the BSC campus in the amount of $52 million. This included $22 million in cash and a $30 million investment in construction and maintenance upgrades needed to reopen doors and operate the full campus.
Alabama A&M attributes the increase in the second offer to the clearing of any outstanding debt that BSC may have.
“If another entity is selected, we will wish them well, knowing that we love the people of Birmingham and we will continue to try to make a difference whenever we can in the future,” says Vice President of Government Affairs & External Relations Shannon Reeves.
AAMU also says it is committed to maintaining the entire property as an academic facility and bringing economic development and increased property value to the surrounding neighborhoods.