Randall Woodfin: More than ever, Birmingham can’t afford to lose Birmingham-Southern College

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BSC meets the eligibility requirements, has sufficient collateral to back it, has a financial restructuring plan that makes sense, and has a reasonable timeline for repaying it.

His denial leaves 731 students stranded – 240 of them seniors who are expecting to receive their BSC diplomas in May 2024. And it harms the nearly 1,500 people who work directly or indirectly for the College.

Rep. Terri Sewell’s advocacy, Birmingham will also receive a $21 million grant to create a 2.5-mile urban trail connecting these neighborhoods to the heart of downtown. If you want to know what the future looks like without BSC on that hilltop, look no further than across town to Norwood, another historic neighborhood that lost its anchor when Carraway Methodist Medical Center closed in 2008 after several attempts to save it.

But it has taken more than 20 years since Carraway’s decline began in 2000 to find a viable project and sufficient capital to make it happen on a plot of land that is significantly smaller than the BSC campus. Neither the city nor its west-side neighborhoods can afford to wait 20 years to bring something back to the hilltop.The Alabama Legislature knew that when they passed the enabling bill, and Gov. Ivey knew it when she signed it.

 

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