The campus of Ashford University in Clinton has been sold. This week the owner, Bridgepoint Education, announced an agreement with a company called Clinton Catalyst LLC.
It will buy the campus for 1.6 million dollars, including the academic campus, Best Western Hotel, the South campus field, and Red House.
And as part of the agreement, Ashford will lease the campus from Clinton Catalyst through the end of next year (Dec. 2016) to "ensure there's no impact to campus operations."
Last summer, Bridgepoint announced it would close the campus in Clinton next spring, but continue to offer classes online.
The Clinton Herald reports Clinton Catalyst LLC is made up of three out-of-state investors who work with local communities on re-development projects. And a local spokesman says the company will start working in January on plans for the Ashford properties.
The Sisters of Saint Francis first opened Mount Saint Clare College in Clinton in 1918, and it was sold to Ashford's parent company, Bridgepoint Education, in 2005.