So are they closing it because of reductions in state support or because it lost 1.2 million? If they would have received more money from the state would they have kept it open so that it could lose more money?
Not necessarily per Uof I Academic Director. . Bolded last line for emphasis...
"The AIB gift was a very generous gift," said Tom Rice, the Academic Director of both the University of Iowa John and Mary Pappajohn Education Center and the Iowa Center for Higher Education. "But, when we got onto that property and started to operate it, it became increasingly clear that it was just more space, a bigger campus than we needed to meet our education needs."
Rice says the decision to close and sell the campus is a win-win for the University and its students.
"By selling that property, we can cut back on our operating costs and that's money that can be used for our students," said Rice. "But more importantly, the terms of the gift held that when we, or if we, sell the campus, the proceeds go for scholarships for central Iowa students who are attending the University of Iowa, so students win there as well."
Rice says the former AIB campus was never really a good fit for UI.
https://whotv.com/2018/07/11/academic-d ... -students/