» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 132 | NO. 212 | Wednesday, October 25, 2017

Memphis College of Art Closing Doors

By Bill Dries

Print | Front Page | Email this story | Email reporter | Comments ()

Memphis College of Art, the 81-year-old Overton Park institution, will close by May of 2020 after years of financial struggles.

The college’s board described the pending process as an “orderly dissolution of MCA’s real estate and other assets to fund the College’s debt obligations and other liabilities, including providing sufficient funding to serve existing students who remain at MCA.”

The announcement Tuesday, Oct. 24, cites declining enrollment, overwhelming real estate debt and no viable long-term plan for the financial sustainability of the institution.

“It is with great sadness that we move forward with this decision,” MCA board chairman Henry P. Doggrell said in a written statement.

MCA interim president Laura Hine described the decision as “heartbreaking” after meeting with students Tuesday morning to tell them first that they would finish out their terms at the school over the next two years and be the last graduating class of the institution.

“We couldn’t see a way forward,” Hine told The Daily News later.

“When we’ve looked at every possible way forward – you just have to assume åthat the enrollment trend is going to continue or be very difficult to overcome,” she said, citing a $4.8 million endowment unable to deal with $1 million to $1.5 million in red ink annually.

“What it would really take is about a $30 million endowment. We have a draw down policy of 5 percent to fill that gap in the operating budget,” Hine said. “We certainly don’t have a sufficient endowment now. … There was just not the capacity to raise the $30 million endowment that we would need.”

It is the second institution in Overton Park to announce major changes in the last two months. The Memphis Brooks Museum of Art is leaving its 100-year-old original home in the park with early plans to move Downtown. The museum board is in talks with the city about terms of a move to land on the city’s riverfront.

The city is also considering the next use of the century-old existing Brooks Museum building that it owns after the Brooks leaves.

The closing of the college of art will happen over a period of two years that its board describes as a “teach out.”

MCA began what college president Ron Jones described as a “large-scale institutional review” in 2014 that included the school’s decision to move its graduate programs from a renovated building in the South Main Historic Arts District back to the Overton Park campus. The move out of South Main was in 2015, about five years after the college began renovation work on the South Main structure and moved graduate operations there.

The Memphis College of Art Graduate center at 477 South Main moved back to the Overton Park campus in 2015, but declining enrollment and debt really sealed the college’s fate.  (Daily News File / Andrew J. Breig)

Against that backdrop, small art colleges across the country have suffered from the lingering effects of the recession, which was particularly slow to lift in the Memphis area.

“You see a declining higher education enrollment nationally. In the post-recession era, the middle class has been hit particularly hard,” Hine said. “The ability of people to pay tuition has declined. You see the competition is fierce for enrollment and that is true of every school. … A small endowment, debt and declining enrollment is not a good formula for going forward.”

The college, started in a home in Victorian Village in 1936, moved to Overton Park at the end of the 1950s.

Memphis Mayor Jim Strickland said the future of the MCA building “will be an important one for us to consider as 2020 approaches.”

“I’m confident that Overton Park will emerge from this transition an even stronger asset to the growing core of our city,” he added in a written statement.

The Overton Park Conservancy, which maintains and operates the park for the city – not including the Brooks, MCA and the Memphis Zoo – is about to undertake a park master plan that will include the planned move by the Brooks, the exit of Memphis College of Art and what to do with 16 acres on the East Parkway side of the park that is being vacated by a city vehicle maintenance facility.

“Added together, these three transitions will create an unprecedented opportunity to shape the future of Overton Park,” the conservancy said Tuesday in a statement reacting to word that MCA would close in 2020. The conservancy also pledged its support and partnership in the transition.

“The loss of MCA will be felt deeply in Overton Park, where students have given and received inspiration for decades,” the statement said. “Their presence, and the work they created here, has contributed strongly to the park’s identity as an artistic and cultural center of our city.”

The MCA mid-century building designed by architect Roy Harrover and opened in 1959 is a landmark in Overton Park.

Its opening marked the college’s move to a structure built specifically for its needs and as a statement of the creativity within. The college began as the James Lee Memorial Art Academy at the depths of the Great Depression in the James Lee House in Victorian Village. It became the Memphis College of Art in 1985.

The college was both a shelter and a gathering point for artists including Burton Callicott, Veda Reed, Murray Riss, Ted Rust, Dolph Smith and Ted Faiers, who would revitalize the school with new directions in the visual arts that were uniquely Memphis. They also reflected larger changes in American society. The artists not only taught at the college, they created at the college as well with important exhibitions of their work at the nearby Brooks. By the post-World War II era they were leading the institution and enrollment was growing.

Hine said she cited that legacy of creativity as she talked to students Tuesday morning.

“We believe in our students and we believe in their creativity and we believe in their ability to innovate,” she said later. “We are going to rely on the thousands of graduates from this institution to just carry on – go out into the world and be creative people and change the world for the better through their creativity.”

Eric Barnes, publisher of The Daily News, is chairman of the Overton Park Conservancy board. He was not involved in the editing or reporting of this story.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 115 270 19,843
MORTGAGES 141 311 23,225
FORECLOSURE NOTICES 35 83 8,387
BUILDING PERMITS 0 338 40,366
BANKRUPTCIES 74 196 13,300
BUSINESS LICENSES 25 48 6,185
UTILITY CONNECTIONS 40 125 13,120
MARRIAGE LICENSES 15 73 4,915

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.