Morris Brown College, home to such stars as comedianne Sommore and civil rights activist Hosea Williams, is facing foreclosure next month, and an auction of assets is set for September 4. Officials said the college is facing foreclosure after investors called $13 million worth of bonds tied to the college. Former Atlanta City councilman and Morris Brown graduate Derrick Boazman called the development "heartbreaking."
In 2002, Morris Brown lost its accreditation and federal funding due to a financial mismanagement scandal during the 1998-2002 tenure of Dolores Cross as school president. Shortly after, the United Negro College Fund also terminated its support for the college. The school is planning a prayer vigil Saturday, where plans to move the school forward will be discussed. Benjamin Harrison, spokesman for the 6th District African Methodist Episcopal Church, says officials will talk about reorganizing and restructuring the school.