Middlebury had announced last year plans to close its Monterey Institute campus to cut costs, but it appears they may have a buyer
Middlebury in Talks to Sell Monterey Campus to Soka University
Middlebury in Talks to Sell Monterey Campus to Soka University
QuoteThe Middlebury Institute of International Studies at Monterey says it has entered exclusive negotiations with Soka University of America for the potential sale of the Middlebury Institute of International Studies at Monterey campus.
In a message sent out by Middlebury, school leaders said both institutions' boards of trustees have authorized moving forward with the deal and will now begin a period to finalize details.
If completed, Soka University would take ownership of the Monterey campus and begin administering select programs under the name Monterey Institute of International Studies at Soka University of America.
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The announcement follows Middlebury's decision last year to end residential graduate programs at the Monterey campus because of financial challenges and declining enrollment.