ɪn noʊvˈɛmbɚ tˈuː θˈaʊzənd sˈɛvəntˌiːn ðə bˈoːɹd ʌv tɹˈʌstiːz ʌvðə jˌuːnɪvˈɜːsᵻɾi ɐnˈaʊnst ðə dᵻsˈɪʒən tə lˈɪkwᵻdˌeɪt ðə jˌuːnɪvˈɜːsᵻɾi, æz ðə lˈiːs ɐɡɹˈiːmənt fɚðə bˈɪldɪŋz kˈɑːnstɪtˌuːɾɪŋ ɪts kˈæmpəs wʌz nˌɑːt ɹᵻnˈuːd baɪ ðə sˈɪɾi, ænd hˈiːɾɪŋ hɐdbɪn kˈænsəld ˌɔn ɐkˈaʊnt ʌvðɪ ˌɪnstɪtˈuːʃənz dˈɛts.
In November 2017 the board of trustees of the university announced the decision to liquidate the university, as the lease agreement for the buildings constituting its campus was not renewed by the city, and heating had been cancelled on account of the institution's debts.