Antioch University Midwest is planning to sell its building in Yellow Springs. The school is looking to relocate to a smaller space in a more centrally located area, such as Dayton, officials say.
In a letter Wednesday, Interim Chancellor Bill Groves told students and staff the school has hired a real estate firm to scout out potential buyers for the 94,000-square-foot building on Dayton Street. The property may officially go up for sale as early as August.
Groves says changes in student educational preferences prompted the decision.
“We don’t need this much space," he says. "The university, like a lot of universities, has been moving toward less place-based programs, including online and low-residency programs."
A low-residency program is a combination course that takes place both online and in-person.
The Yellow Springs Village School District and the Greene County Career Center both expressed interest in buying the building last year, when the university first announced its intentions to sell the space.
Antioch University Midwest has been struggling in recent years to attract more students. It’s also in the midst of a major fundraising campaign.
Antioch University Midwest is unaffiliated with Antioch College, the licensee of WYSO.