The Art Institute of Colorado will soon fade to black – The Denver Post
The Art Institute of Colorado will close its doors at the end of August, putting 160 people out of work, according to a filing the parent company of the creative arts school made with the Colorado Department of Labor on Friday.
Among those losing their jobs will be 13 full-time faculty, 70 part-time and adjunct faculty, 41 student workers, and several support workers and administrators, according to a Worker Adjustment and Retraining Notification Act notice from Dream Center Education Holdings, LLC.
Dream Center acquired 31 Art Institute schools as well South University and Argosy University from Pittsburgh-based Education Management Corp. late last year in a $60 million deal.
After the acquisition, Dream Center began evaluating the viability of its various campuses, said Anne Dean, a spokeswoman for the Los Angeles nonprofit.
“As a result of that examination, we have made the decision to cease new enrollments for a number of schools within The Art Institutes, Argosy University, and South University systems,” Dean said.
Eighteen of the 31 Art Institute locations are closing, as well as nine Argosys University locations, including one in Denver, according to an internal company memo obtained by the Charlotte News & Observer.
“This decision was made for a number of reasons, including significantly declining enrollment and an increase in the demand for online programs in higher education,” the memo stated.
Dean said prospective students are being directed to the company’s online offering or one of the remaining campuses and that current students should continue to attend class as scheduled.
The filing with the state indicates that the Art Institute location at 1200 Lincoln St. in Denver will shut its doors permanently on Aug. 28, with the last employee separation wrapping up by the end of the year.
The Art Institute got its start in 1921 in Pittsburgh