Psst! Hey, Bud, wanna buy a college?

[KamaAina]

Srsly. $22 million, plus enough to endow scholarships, professorships and the like, will make it happen -- near Santa Cruz, no less.

http://www.santacruzsentinel.com/ci_20428403/official-says-bethany-campus-deal-is-dead-olivets

Olivet University's failure to close the deal to purchase the former Bethany University campus means the Christian college and its 270 students have no home, no lease.

When escrow failed to close Tuesday, it ended a months-long effort to purchase the 70-acre Bethany Drive campus.

The sales agreement is "no longer in force," Rev. James Braddy, the superintendent of the Northern California-Nevada District of the Assemblies of God, said Wednesday.

Bethany vacated the campus last summer because of falling enrollment and $15 million in debt. The Assemblies of God district assumed the debt and ownership of the nearly 100-year-old campus.

This is Scotts Valley, folks, in the mountains above Santa Cruz and just over the hill from the Bay Area!

[seabeyond]

1. probably be cheaper than sending my two kids to college in a couple years. nt