From the outside, in other words, UArts, which was formed in its modern incarnation after a merger in 1985 between the Philadelphia College of Art and the Philadelphia College of Performing Arts, two institutions whose origins date to the 19th century, looked to be on firm footing. Internally, though, the numbers told a more complicated story.
https://www.phillymag.com/news/2024/08/08/uarts-philadelphia-closure/