The North Carolina Attorney General has raised concerns over a proposed $70 million land-lease deal for Saint Augustine's University, citing insufficient documentation. The attorney general also has concerns about the university's ability to remain operational.

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NC AG raises concerns over Saint Augustine’s University's proposed $70 million land-lease deal

The letter outlines specific reasons why the Office of the Attorney General could not approve a multi-million dollar funding deal from Florida-based 50-Plus-1 Sports.

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St. Augustine's University fires back at AG's over letter: 'significant concerns about fairness'

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Saint Augustine’s University needs to shore up its finances ahead of an accreditation vote next month. But state officials just shot down a $70 million financial lifeline. Approaching a critical vote on its accreditation status next month, Saint Augustine’s University has made controversial moves in recent months to stabilize its shaky financial position, but so far none have paid off, putting the beleaguered institution in a more precarious pos…

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Saint Augustine's U faces ticking clock to fix finances

The NC Department of Justice has “serious concerns” about a land lease contract that Saint Augustine’s University is prepared to sign with the real estate development firm 50 Plus 1 Sports, according to a letter the DOJ sent to the university on Monday. “We are concerned about SAU’s ability to continue to operate and fulfill its mission if this proposed lease agreement is finalized without substantive improvements,” wrote Kunal Choksi, senior de…

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NC DOJ Finds "Red Flags" in Proposed Contract Between Saint Augustine's University and 50 Plus 1 Sports

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NC AG raises concerns over Saint Augustine’s University's proposed $70 million land-lease deal

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