Holy Cross College (IN) to Sell Land to Notre Dame

Holy Cross College (IN) has reached an agreement to sell 75 acres of land to the nearby University of Notre Dame in a leaseback deal designed to shore up Holy Cross and its struggling finances.  The college announced the deal late Friday, about a week after a Holy Cross administrator accidentally sent an email to the student body speculating about potentially having to close down the college next year. Some prospective students voiced concerns, but college leaders responded by saying they were confident the college would remain open in the near future and that they were formulating new financial plans.