Marymount California University, a half-century-old private Catholic institution, will close this summer, its board of trustees announced.
The liberal arts school located on the Palos Verdes Peninsula south of Los Angeles has been struggling in recent years due to declining enrollment, rising costs and the coronavirus pandemic, the university said in a statement Friday.
“This decision was not made lightly. But we felt the most compassionate thing to do was to give everyone time to make plans. Our focus now will be to help our students, faculty and staff,” said Brian Marcotte, the university’s president.
Marymount California has 500 full-time students and 140 full-time staff.
The university said classes will conclude with the end of the summer term in August.
The above comes from an April 24 story from Spectrum News.
Didn’t it merge with another larger school a year or two ago to prevent this?
Who’s gonna buy the property?
Finally, some good news.
Sad, but not a huge surprise. Spectacular views from that campus, which I attended in the 1970s when it housed an elementary and high school (also named Marymount, but all closed by 1975, to be replaced by the college). I expect real estate developers already lining up . . .
“We felt the real estate market has peaked, and we wanted to be able to sell at the top before it all crashes.”