Quick update to the Antioch story.
The University has agreed to transfer ownership of the campus to a group of alumni who hope to re-open the school in a couple of years. However, many hurdles remain before the financially troubled institution can be revived – not least of which is the school's run-down physical condition, as well as legal and financial steps involving bond holders and the Ohio state Attorney General's office.
These links provide background and updates:
Chronicle of Higher Ed: Update on Antioch
New York Times: Alumni Group to Buy College
Inside Higher Ed: A Deal to Revive Antioch