December 17, 2007

Deal Allows Survival of a Beleaguered Nonprofit University in Cleveland

By Eric Hoover

Despite severe financial problems, Myers University will remain open, an Ohio judge said on Friday.

A nonprofit Cleveland business college, Myers had been facing ruin until it received $500,000 last week from an investment group whose members include owners of the University of Northern Virginia, a for-profit college. Myers will now operate under an interim president and a new Board of Trustees, according to a plan approved last week by Judge Daniel Gaul of the Cuyahoga County

Digital or Print Subscription

Web Pass

Already have an account? Log In Now.