(01-26-2023 11:34 PM)DavidSt Wrote:  Keep an eye on Bethune-Cookman. Bad blood is in the news between a former coach, Ed Reed and the school. These HBCUs are in worst shape than we think.

B-C has been embroiled in controversy for a while now.

This article is worth a read. This is pretty wild. A real soap opera.

https://www.insidehighered.com/quicktake...0scrutiny.

Here is an excerpt from an article about their nearly a third of a billion dollar dormitory. Yep, over $300 million for a dorm that houses 1,200 students. Not only did the College go forward on the plan that involved their presidents forged signature, the $75 million dorm (original cost) overran the budge by over $13 million. Then, because they have no money, they signed up for a crazy financing deal. It’s a real house of cards.

“The Daytona Beach News-Journal detailing several unusual facts about the building’s construction and Bethune-Cookman’s finances. Those payments start at $470,000 per month and rise 1.5 percent per year. They will reach a high of $840,000 per month and total more than $306 million by the time the agreement ends.”

But don’t worry, while they were perfectly willing (and dumb enough) to sign up for a deal that would likely bankrupt them, but the private school got a $108 million bailout loan created for HBCU’s in 2020/21 to get themselves out from under the deal. Now they just owe the government.

Students are also up in arms currently about living conditions in other mold infested dorms, topped off by the firing of a new football coach who had not even started yet.

Pro Football Hall of Famer Ed Reed was ousted from his job at the Daytona Beach, Florida, school last week before he had even formally started it, after he alleged in a profanity-laced social media rebuke that he had arrived to find an unclean office and a trash-strewn campus.

https://www.nbcnews.com/news/us-news/stu...-rcna67054