News of the closure sent the campus community reeling when it was announced late Friday. 'University of the Arts will close as of Friday June 7, 2024,' wrote Board of Trustees chair Judson Aaron and President Kerry Walk.
Ultimately, UArts could not overcome financial issues-namely 'a cash position that has steadily weakened' and 'could not cover significant, unanticipated expenses.' 'The situation came to light very suddenly. Despite swift action, we were unable to bridge the necessary gaps.'
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