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Old 06-18-2014, 03:34 PM
 
9,933 posts, read 6,939,290 times
Reputation: 3026

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Judge approves sale of Morris Brown property to city and Friendship - Atlanta Business Chronicle

Quote:
U.S Bankruptcy Judge Barbara Ellis-Monro Wednesday afternoon approved the $14.6 million sale of Morris Brown College’s property to Atlanta and Friendship Baptist Church.

She also over-ruled the objections filed by Clark-Atlanta University, which had argued that Morris Brown College did not have the right to sell most of the property.

The ruling is a major step that will take Morris Brown College out of bankruptcy, and one that could pave the way for the redevelopment of more than 30 acres of land in the west side of the central city near the new, $1.2 billion Atlanta Falcons football stadium.

...
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Old 07-05-2014, 05:28 PM
 
Location: Maryland
18,563 posts, read 15,816,256 times
Reputation: 6259
Quote:
Originally Posted by gtcorndog View Post
All of those CPAs and no one could balance their books?
LOL ouch.
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Old 10-03-2017, 09:25 AM
 
Location: Kirkwood
22,209 posts, read 16,245,820 times
Reputation: 4924

Quote:
The City of Atlanta and Friendship Baptist Church paid a total of $14.6 million to Morris Brown College, which was facing bankruptcy, to buy more than 30 acres of land along Martin Luther King Jr. Boulevard just blocks west of the new Mercedes-Benz Stadium.
In 1940, Atlanta University transferred the property to Morris Brown College with a reversionary clause that stated the property would revert back to Atlanta University if Morris Brown College were to no longer use it for educational purposes.
https://saportareport.com/court-appe...-morris-brown/
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Old 10-03-2017, 01:51 PM
 
Location: Atlanta and St Simons Island, GA
21,045 posts, read 33,049,831 times
Reputation: 12728
Quote:
Originally Posted by cqholt View Post
So who was the moron that authorized the sale when it obvious that Morris Brown had no right to sell it?
And isn't this fraudulent on the part of Morris Brown?
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Old 10-03-2017, 08:54 PM
 
Location: 30080
2,126 posts, read 3,401,767 times
Reputation: 1461
So sad how the leadership at MOB ran that school into the ground.
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Old 10-04-2017, 07:30 AM
 
Location: Kirkwood
22,209 posts, read 16,245,820 times
Reputation: 4924
Quote:
Originally Posted by brownhornet View Post
so sad how the leadership at mob ran that school into the ground.
greed
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Old 10-04-2017, 01:36 PM
 
Location: Orange Blossom Trail
6,382 posts, read 4,546,690 times
Reputation: 2585
This school still around??
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Old 10-04-2017, 02:20 PM
 
Location: Johns Creek area
9,586 posts, read 8,670,246 times
Reputation: 5092
Quote:
Originally Posted by LovinDecatur View Post
So who was the moron that authorized the sale when it obvious that Morris Brown had no right to sell it?
And isn't this fraudulent on the part of Morris Brown?
Legal malpractice, anyone?
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