Latest / Evansville News Today | 2 Min News | The Daily News Now!
Oakland U in Financial Crisis | Evansville News
Oakland City University is under fire from former employees who’ve filed a serious complaint with the Higher Learning Commission, alleging unpaid staff and vendor bills, contract violations, and skipped program reviews. President Ron Dempsey admits to raising his voice in a staff meeting but denies other claims, blaming a $5 million revenue shortfall after losing a state contract in 2021 and failing to receive promised patent funds. Despite selling patent equity and cutting costs, they’re still $3 million short — $1.2 million in payroll and $1.8 million in accounts payable. Other issues…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.