Santa Fe, NM, Sept 21, 2009 – Santa Fe Gov. Bill Richardson will be at the College of Santa Fe on Monday along with state and local officials to celebrate the school’s opening for the fall semester.
The private college appeared destined for closure at the end of the spring semester, but the city of Santa Fe and Baltimore-based Laureate Education Inc. reached an agreement that ensured the school’s doors would remain open.
The City Council agreed to incur up to $30 million in debt to buy the campus. The city is leasing the property to Laureate Education, which will pay about $2.35 million a year to lease 61 acres and facilities.
The governor’s office said there will be a special ceremony at noon in front of the college’s library to welcome back students, faculty and staff.