Michigan State University announced Tuesday that it would shutter it’s Dubai campus. MSU Spokesman Terry Denbow says the move comes as a cost saving measure, and notes the campus has lost money. How much money it has lost, however, was not made available.
The Lansing State Journal reports this in relation to losses at the campus, which opened in 2008:
The National, an English-language newspaper in Abu Dhabi, quoted MSU Dean of International Studies Jeffrey Riedinger saying that the losses had been in the millions, largely because the campus opened just as the worldwide financial crisis was beginning.
The enterprise was financed mostly through grants from the Dubai government and loans from the Dubai government-owned TECOM Investments. As of last fall, MSU owed TECOM approximately $1.6 million.
MSU will provide the approximately 85 undergraduate students a chance to complete their degrees at the East Lansing campus.