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Dr. Rick Bailey, president of ºÚ¹Ï³ÔÁÏÍø, explains that the university’s declaration of financial exigency may sound alarming, but it’s actually a proactive and collaborative step taken in partnership with the faculty union. He emphasizes that ºÚ¹Ï³ÔÁÏÍø is not closing, not declaring bankruptcy, and remains fully operational. Instead, this decision is part of a broader, strategic transformation to safeguard the university’s future and protect students. By embracing this process openly and constructively, ºÚ¹Ï³ÔÁÏÍø is working to ensure long-term stability, resilience, and continued service to its community.