tinduckisback 
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Re: “Art of the Deal: What Happened at MCA?

Here's another interesting commentary on the state of higher education. [1]

The truth is that all institutions of higher education are going to be hurting bad around 2027 due to lower enrollment. We won't see the last of the closings, and even well managed schools will close.

It's up to us to get that enrollment higher in Memphis. We need to graduate more students who are college ready. And we need to do more to convince our kids to stay home, or at least give them a reason to.

[1] - https://www.bloomberg.com/view/articles/2017-11-17/debate-close-some-u-s-colleges-or-build-more

4 likes, 1 dislike
Posted by tinduckisback on 11/17/2017 at 10:59 AM

Re: “Art of the Deal: What Happened at MCA?

David,

You can find enrollment data from the federal government's College Scorecard. [1]

I wouldn't be surprised if the other information is there as well. Outside Donations. You will have to look at the tax information to find that stuff and make assumptions. It's probably here. [2]

[1] - https://collegescorecard.ed.gov/

[2] - http://wheretogivemidsouth.guidestar.org/NonprofitProfile.aspx?OrgId=1146403

4 likes, 1 dislike
Posted by tinduckisback on 11/16/2017 at 11:45 AM

Re: “Art of the Deal: What Happened at MCA?

I'm all for supporting local universities, but if we must support a private college it should be our HBCU. [1]

The data shows that we have changing demographics in this country. We will have less future college students and they will be more diverse. [2] We have a great asset in LO, which needs to be invested in.

[1] - https://www.brookings.edu/blog/the-avenue/2017/11/15/black-incomes-outpace-the-national-average-in-124-majority-black-cities-so-wheres-the-investment/

[2] - https://knocking.wiche.edu/

5 likes, 1 dislike
Posted by tinduckisback on 11/16/2017 at 11:40 AM

Re: “Art of the Deal: What Happened at MCA?

Chris,

Great work. I haven't seen such a well done local piece of journalism in a good bit. Appreciate it.

12 likes, 1 dislike
Posted by tinduckisback on 11/16/2017 at 9:10 AM

Re: “Memphis College of Art to Close

DavidAlGregory ,

It's very expensive to take over a college. The University of Memphis has spent around 9 million on it's Lambuth campus in Jackson, Tennessee, which appears to be mostly deferred maintenance on existing buildings. [1] I imagine a college like Lambuth did what ever it took to stay open and pay it's staff, fixing the HVAC system might have been a second thought. I imagine MCA has similar issues, so any institution who takes them over must be careful.

But if done correctly, a University can certainly benefit. The University of Memphis has had impressive enrollment growth of around 300% at the Lambuth campus. And it's certainly an economic benefit to West Tennessee that Jackson has an affordable public institution. But it's taken 5 years to get that campus up and running, and probably be another 5 years before it's at full capacity. This is certainly a long term multiple decade process.

So here's the problem. There's going to be a baby bust around 2028. [2] It won't be that bad in Tennessee. But it's going to have a national impact, especially in the Midwest. It's going to take a school with a large endowment to save MCA, and withstand the impact of the baby bust.

The only schools that have an endowment large enough to take over MCA would be Rhodes or Memphis. CBU is facing many of the same issues that were facing Lambuth and MCA. CBU doesn't have a large endowment, and is dependent on enrollment to keep it's doors open. It's certainly a peer. But CBU did the smart thing in 2010, and hired a new president who certainly knows what he is doing. While, CBU did hit a 20 year low in enrollment in 2013 with 1,156 undergraduate students. [4] It appears they have turned the corner. I have heard they had their largest freshman class ever this year. But still, it would be a large risk for them. They currently are already in a capital campaign, and they are doing a lot of work on their main campus. More specifically, they just built or in the process of building a new art building.

I think Rhodes make the most sense. In the article, I linked above about the increase in college closures. [3] If you look at the actual Moody's report, they list around 20 schools that are performing the best despite the trends. Rhodes was one of those school. Their leadership has done an absolutely fantastic job over the years. They have a good sized endowment, and there main campus is conveniently located next to the park.

The University of Memphis certainly could afford to take over the school. But the distance from the main campus is certainly a problem. If this was Audubon Park, Yes absolutely. The city should probably have them more involved in Audubon Park. MCA was a benefit to Overton Park. The University of Memphis could be the same to Audubon Park.

But either way, just because they can do it. It doesn't mean they should. Here's an article about the same exact situation in Massachusetts between a merger of an art school and a public university that failed. [5] But here's an example of a successful merger. [6]

I hope that helps.


[1] - http://www.memphis.edu/mediaroom/releases/2017/sept17/lambuthgrowth.php
[2] - https://knocking.wiche.edu/knocking-blog/2017/3/3/how-does-newer-data-affect-wiches-high-school-graduate-projections
[3] - https://www.insidehighered.com/news/2015/09/28/moodys-predicts-college-closures-triple-2017
[4] - https://catalog.data.gov/dataset/college-scorecard
[5] - https://www.insidehighered.com/news/2015/08/05/college-merger-negotiations-are-long-and-complicated
[6] - https://www.insidehighered.com/quicktakes/2014/02/20/art-college-become-part-george-washington-u

6 likes, 1 dislike
Posted by tinduckisback on 10/26/2017 at 8:57 AM

Re: “Memphis College of Art to Close

William S. Paley,

This isn't a Memphis issue. [3] Anyone blaming the city, or it's people, for this is beyond ignorant.

You do know that Aquinas College in Nashville fired 90% of it's staff this year in a downsizing right? [1] Or that this happen in Omaha, Nebraska this month as well? [2]

This is due to mismanagement by a private board. It has NOTHING to due with our city.

You are the loser. Move to Nashville. Get stuck in a real estate bubble.

Just stop using your "codes" here. We aren't stupid. We know what you mean.

[1] - https://www.insidehighered.com/news/2017/03/13/aquinas-college-plans-shrink-and-focus-training-teachers
[2] - https://www.insidehighered.com/news/2017/10/04/grace-university-close-end-academic-year-after-enrollment-struggles
[3] - https://www.insidehighered.com/news/2015/09/28/moodys-predicts-college-closures-triple-2017

17 likes, 3 dislikes
Posted by tinduckisback on 10/25/2017 at 9:57 AM
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