Dr. Rick Bailey, president of Âé¶¹´«Ã½Å®Éñ, 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 Âé¶¹´«Ã½Å®Éñ 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, Âé¶¹´«Ã½Å®Éñ working to ensure long-term stability, resilience, and continued service to its community.