Philadelphia's University of the Arts Shuts Down Amid Financial Crisis
The unexpected closure leaves students, faculty, and alumni searching for answers and alternatives.
- University faced insurmountable financial challenges, including unanticipated infrastructure costs.
- Closure affects about 350 faculty and staff, many of whom are union members.
- Students and supporters staged a protest following the abrupt announcement.
- UArts owns significant real estate in Center City, with future plans still uncertain.
- The institution's financial distress has been evident for at least a year.