Mid-Continent University to sell sports equipment, former board members concerned
Mid-Continent University continues to crawl through bankruptcy court. A judge decided Wednesday what Mid-Continent will do with more than $18,000 worth of sports equipment.
The school plans to sell the baseball and soccer field lights but, according to leasing agreements between the school and the county, the lights are on county land.
Graves County Judge Executive Jesse Perry was in court Wednesday. He said he was concerned if the school removed the lights, it would lower the value of the property and leave the county with the cleanup.
Mid-Continent University must put $5,000 in a trust to the county. The school will either repair the property and get back the money, or the county can use it for repairs themselves. Perry said he wants that property maintained, because it will increase their chances of getting someone back on that campus.
"The main thing right now is moving forward to get us to where we can market it for whatever hopefully it’ll be a university," Perry said.
Former Mid-Continent board member Gale Hawkins said the school is putting off the big picture: the students. Hawkins said the school and their CFO Tim Walker shouldn’t be worried about selling little bits of the campus to pay their insurance. Hawkins said they should help the students by paying off their creditors.
"They came to us as the customers of Mid-Continent, because I wanted to go to a christian college and I trusted Mid-Continent, and all this is happening,"
I spoke with Walker after the judge’s ruling. He said the school will comply with removing and selling the lights, but they are interested in selling other equipment out there like the bleachers and dugouts.
Kentucky Attorney General Andy Beshear said Mid-Continent students haven’t fallen from his mind. He said as long as Mid-Continent University continues to honor their agreement, which allows students to get the deal on loans they thought they were signing up for in the beginning, his office will not have to get involved.
"We are obviously always interested in ensuring our Kentucky students are not taken advantage of, that they get high quality educations a the prices they thought they were going to pay," Beshear said
Beshear does recommend students be careful in their dealings with Mid-Continent because they are currently going through bankruptcy court.