With its options drying up, the financially ailing College of Santa Fe has told its employees that it will cease operations as an independent college as of May 22. But campus officials still hope a public university in New Mexico might take over all or part of it.
A bill that would set policies for such a takeover is before the Legislature.
Although the college had been negotiating with New Mexico Highlands University, those arrangements faltered this month. Santa Fe at first said the deal had collapsed because Gov. Bill Richardson, a Democrat, did not approve the necessary money. It then issued a public apology saying that it had not intended to blame the governor or the Legislature for the college’s financial problems.
The pending legislation would allow any state university to bid to take over the institution. —Goldie Blumenstyk