University of Memphis officially takes ownership of former Lambuth University campus

From The Jackson Sun: The University of Memphis has officially taken ownership of the former Lambuth University campus in Jackson, Tenn. Local officials registered the deed to the property and closed a purchase agreement in the works for more than a year. Local stakeholders that include the city of Jackson, Madison County, West Tennessee Healthcare and Jackson Energy Authority signed their rights to the campus over to the state of Tennessee after paying about $2 million each to fund the $7.9 million purchase of property. The University of Memphis at Lambuth opened for classes this fall with more than 300 students. Registration is under way for the spring semester.


APRIL 2011...from The Jackson Sun: Beset by financial problems and facing loss of accreditation, Lambuth University in Jackson, Tenn., will close June 30. University officials say they will try to persuade another institution, possibly the University of Memphis, to take over the campus. Lambuth is 168 years old and is affiliated with the United Methodist Church. Budget problems have led to faculty and staff being paid late on numerous occasions, and Lambuth's reaccreditation was denied in December, The university has maintained its accreditation on probationary status after suing the accrediting organization.