In this segment, taped for KDFW's "Eyewitness News" in 1976, Dallas-based reporter Jim Ruddy covers the auction of the University of Plano, a small liberal arts college that operated in Plano, Texas from 1964 to 1976. Following its inability to pay debts, the University of Plano closed, and everything on the 29 acre campus--from administrative buildings and dormitories, to office furniture and equipment, to laboratory chemicals and human skeletons--was auctioned off to the highest bidder.
Founded in 1964 by anti-Communist activist Robert J. Morris, the University of Plano was a liberal arts college in Plano, Texas. Funded almost entirely by land development and speculation, the school found itself in financial trouble after the Dallas land boom ended around 1975. With no endowment and mounting debt, the University of Plano was forced to close in 1976.