 Rumors and reports are confirmed that Miles College does want to purchase Birmingham Southern College. They signed a letter of intent on June 19th. That letter was made known through the Birmingham Business Journal. Birmingham Southern College has received other purchase offers from other colleges after it closed its doors at the end of this past May. The college currently owes $60 million to its creditors, $9 million to bond owners, and $10 million to the United Methodist Church North Alabama Conference. I'll be back with more Alabama stories after this.