TRINITY WITHDRAWS BID
FOR DUNLAP'S PROPERTY
After meeting with its executive
committee last Thursday, Trinity Christian College determined that it would
withdraw its offer to purchase the Dunlap's property east of the campus.
The decision was reached during the period of due diligence in which the
College considered all the factors relating to the acquisition, including
several restrictions imposed by the city's zoning and planning committee
following the College's request for re-zoning of the property.
According to President Steven
Timmermans, the executive committee concluded that the purchase would not
constitute the best use of the College's resources in providing enhanced
educational opportunities for students. Since most of the College's operating
revenues derive from tuition dollars, the committee could not justify the
expense of the purchase with the existing restrictions at this time.
"We have to be very prudent
in balancing our mission, our resources, and our goals for future growth
and development against acquiring assets that could, in the long term,
impose severe limitations on our ability to provide excellent Christian
higher education to a growing student body," said Timmermans.
"Since we rely heavily upon
tuition dollars paid by students from largely middle income families as
our main source of revenues, we concluded that the purchase would not reflect
proper stewardship of those tuition dollars within the context of the restrictions
imposed upon the property.
After much prayer and deliberation,
our executive committee has determined that this purchase would not provide
the best use of our students' tuition dollars."
The College has completed
two building projects within the past two years-the Ozinga Chapel in 2001,
and the Heritage Science Center in 2002-and is in the midst of constructing
a new residence hall. Alumni Hall will house 180 students upon its completion
by fall 2004. Students are also living in college-owned apartment buildings
in nearby Crestwood and Worth.
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