{"id":196905,"date":"2012-06-20T13:45:09","date_gmt":"2012-06-20T18:45:09","guid":{"rendered":"http:\/\/www.ktbb.com\/post\/?p=196905"},"modified":"2012-06-21T14:12:03","modified_gmt":"2012-06-21T19:12:03","slug":"lon-morris-staff-meeting-athletic-department-closed","status":"publish","type":"post","link":"https:\/\/ktbb.com\/post\/?p=196905","title":{"rendered":"Lon Morris Plans to Enter Pact with Another School, Drop Sports"},"content":{"rendered":"<p><a href=\"http:\/\/www.ktbb.com\/post\/?attachment_id=196906\" rel=\"attachment wp-att-196906\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.ktbb.com\/post\/wp-content\/media\/2012\/06\/Lon-Morris-Sign-150x150.jpg\" alt=\"\" title=\"Lon Morris Sign\" width=\"150\" height=\"150\" class=\"alignleft size-thumbnail wp-image-196906\" \/><\/a> JACKSONVILLE \u2014 Big changes appear on the way for Jacksonville\u2019s Lon Morris College. The consulting firm representing Lon Morris released the following statement to our news partner KETK on Wednesday, regarding the status of the school\u2019s financial problems:<\/p>\n<p>\u201cLon Morris College is an East Texas institution with a mission to educate students so they can better serve their community and themselves. The College has experienced negative cash flow in recent years and overextended itself in an attempt to increase its athletic programs. Debts have mounted, causing the college to employ reorganization professionals with Bridgepoint Consulting, and appoint a Chief Restructuring Officer, who conducted an assessment of the school.<\/p>\n<p>\u201cThe Board of Trustees of Lon Morris College and their advisors considered the Bridgepoint assessment, and have determined the College\u2019s mission would be best served under the current circumstances by entering into a transaction or agreement with another educational institution. Dawn Ragan, the Chief Restructuring Officer for Lon Morris, said, \u2018Discussions with multiple entities are ongoing, and an initial agreement is expected this summer. A modified academic program that will continue compliance with the SACS accreditation policies is currently being developed for the upcoming academic year. Athletic programs are expected to be eliminated. Students will be notified of applicable options available to them.\u2019 <\/p>\n<p>\u201cThe College is continuing to work on its financial restructuring efforts, and continues to receive strong support from its faculty and employees, the community, alumni, the Texas Annual Conference of the Methodist Church, and its creditors. We are hopeful that the community and future students will benefit from our efforts to achieve the best outcome for Lon Morris, but recognize that near-term disruptions are inconvenient and inevitable.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JACKSONVILLE \u2014 Big changes appear on the way for Jacksonville\u2019s Lon Morris College. The consulting firm representing Lon Morris released the following statement to our news partner KETK on Wednesday, regarding the status of the school\u2019s financial problems: \u201cLon Morris College is an East Texas institution with a mission to educate students so they can &hellip; <a href=\"https:\/\/ktbb.com\/post\/?p=196905\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Lon Morris Plans to Enter Pact with Another School, Drop Sports<\/span><\/a><\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[177],"tags":[],"class_list":["post-196905","post","type-post","status-publish","format-standard","hentry","category-local-news-archive-archives"],"publishpress_future_action":{"enabled":false,"date":"2026-07-02 16:29:02","action":"change-status","newStatus":"trash","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts\/196905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=196905"}],"version-history":[{"count":11,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts\/196905\/revisions"}],"predecessor-version":[{"id":197194,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts\/196905\/revisions\/197194"}],"wp:attachment":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=196905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=196905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=196905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}