DePaul agrees to sell some Barat assets.(News)

0 Comments | Daily Herald (Arlington Heights, IL), March, 2005 | by Waller, C.L.

Byline: C. L. Waller Daily Herald Staff Writer DePaul University's plan to turn its Barat campus in Lake Forest over to a noneducational use continues with the university announcement Thursday that it signed an agreement to divest some assets to a private, for-profit college. American College of Education, based in Dallas, is acquiring campus equipment like computers, corporate records and library materials and plans to use those assets under a new name and at a new, undetermined location.

DePaul is closing the Barat campus June 30; the transaction for the assets is expected to be complete this summer. "After fielding numerous inquiries from educational organizations interested in continuing the operation of Barat College or in acquiring the campus, the...