Word: scottsbluff
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Dates: during 1970-1979
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Built seven years ago on the fertile farm lands of Scottsbluff (pop. 14,000), the college is bankrupt, a poignant relic of the rush for a college education in the 1960s. When it folded eight months ago, the 30 faculty members scattered, like the students, leaving behind nine vacant buildings, 5,000 unsold yearbooks, 75 microscopes, an airplane, $7,300,000 in debts and Dr. Weese...
Henry D. Kosman, president of the Scottsbluff National Bank and a former trustee of Hiram Scott, now shakes his head as he recalls the town's rosy dreams: "We figured the economic impact of a college would be as big as any industry." With other local businessmen, Kosman raised $5,463,000 and hired a president who flew around the country to recruit students. When the college opened in 1965, one Chamber of Commerce official crowed, "We are not just a sugar-beet and cattle-raising town any more." But Kosman admits, "We were short of cash from...
...DOERFLER Scottsbluff...