Morris Brown College has been struggling to keep its doors open. Serving just 35 students, the HBCU has seen much better days.

Now, the City of Atlanta where the college is housed, along with Friendship Baptist Church, put in a joint proposal worth $12.6 million to purchase the land. 

From Financial Juneteenth: 

That corridor is very important for where we are going as a city,” said Atlanta Mayor Kasim Reed explaining the decision to buy the property. “We didn’t want that property to end up in the hands of people who didn’t have a coordinated view of the city and the overall business and development plans for the area.”

Morris Brown, located near the site of the future Falcons stadium and near Northside and Martin Luther King Jr. Drives, is at present in Chapter 11 bankruptcy which it filed for in 2012 and is about $30 million in debt.


Read more at Financial Juneteenth

According to details of the offer made by the two entities, a portion of the college’s property would be given to the church. The college would also be able to retain its historic buildings.

Thoughts on the purchase?

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