Citing inflationary pressures and slumping enrollment, Cazenovia College announced it will close in 2023. The move comes after the college missed a bond payment months earlier. The small, private liberal arts college in New York announced Wednesday that it would cease operations after the spring semester, citing financial concerns exacerbated by the coronavirus pandemic and inflation that irreparably harmed the nearly 200-year-old institution. Cazenovia defaulted on a $25 million bond payment in October. Since then, questions have swirled about its fate.
