$65M deal to sell American Jewish University's LA campus collapses, throwing school's finances into question

 

An aerial view of American Jewish University's Sunny & Isadore Familian Campus in the Bel Air neighborhood of Los Angeles.

(JTA) – The financial future of American Jewish University is in flux again after a plan to raise a reported $65 million by selling its 22-acre campus in Los Angeles to a Swiss education company fell through.

Nine months after the university announced a deal had been reached to sell the property, the prospective buyer, EF Education First, said it was pulling out and abandoning its plans to establish a language school for international students at the site because of the opposition of residents in the highly affluent neighboring community.

"This is obviously a disappointment, but we will r...



For access to this article please sign in or subscribe.

 

Reader Comments(0)

 
 

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2024

Rendered 04/06/2024 23:28