Home News 3 Art Institutes in limbo have possible buyers, receiver says – Education Dive

3 Art Institutes in limbo have possible buyers, receiver says – Education Dive

98
0

Dive Brief:

  • Some of the key remaining Art Institute campuses owned by Dream Center Education Holdings (DCEH) have potential buyers interested in taking them over. Mark Dottore, a court-appointed receiver for DCEH and its remaining assets, said in an interview he has been in touch with suitors for Art Institutes in Pittsburgh, Seattle and Las Vegas.
  • Dottore has shelved plans to close AI Pittsburgh and AI Las Vegas. A spokesperson for the U.S. Education Department confirmed in a statement that Dottore has halted teach-out plans at Pittsburgh and other Art Institute campuses so he can “conduct an assessment of operations and make a determination for the campuses going forward.” Those campuses are not enrolling new students until there is certainty about their fate, Dottore said. But plans to close them by March 31 “aren’t going to happen,” he added.
  • The organization that took over eight other Art Institutes earlier this year is also interested in Seattle. Dottore wouldn’t name the suitor of the Pittsburgh campus but said the prospective buyer owned other colleges.

View Original Source

(98)

tags:

LEAVE YOUR COMMENT

Your email address will not be published. Required fields are marked *