City, county move to buy Lambuth
Posted: Wednesday, August 3, 2011 11:01 am
By: By The Associated Press
The Messenger 08.03.11
JACKSON (AP) — The Jackson City Council has unanimously approved a resolution to spend $3 million toward buying the campus of now-closed Lambuth University.
The council met Tuesday to adopt the resolution, and the Madison County Commission meets in special session on Thursday to vote on a $2 million stake in the purchase of Lambuth, which ceased to operate in June.
The university trustees have agreed to sell the campus in Jackson for $7.9 million, according to The Jackson Sun.
West Tennessee Health care and the Jackson Energy Authority will each pay $1 million to the city and $1 million to the county toward the purchase.
The property would belong to the state, and the University of Memphis is expected to open a regional campus there in time for the fall semester.