January 9, 2023
Village continues to plan for post-Cazenovia College future
Village continues to plan for post-Cazenovia College future
CAZENOVIA — During the Jan. 3 Village of Cazenovia Board of Trustees meeting, Mayor Kurt Wheeler updated the board on the ongoing discussions regarding the future of the community without its historic college.
On Dec. 7, Cazenovia College announced its decision to permanently close following the spring 2023 semester due to financial difficulties.
According to the college, the financial challenges facing the institution have included a shrinking population of college-aged individuals; skyrocketing inflation; decreased enrollment and increased expenditures during the global pandemic; and recent uncertainty in the bond and stock markets, which made it exceedingly difficult to refinance its bond debt.