The 115-year-old Millersburg Military Institute has been purchased by a private cadet organization that runs military-style training programs for young people, according to a statement released late Thursday.
The new owners, the private United States Army Cadet Corps Inc., said in a faxed press release that Millersburg's 18-acre campus will become its new national headquarters, as well as a training center for various corps programs.
The Millersburg institute, in Bourbon County, has been closed since 2006. But it will be reopened to "serve again as a military boarding school in five years," according to the statement.
The Deposit Bank of Carlisle, which had owned the property, also announced the purchase in a statement late Thursday.
The purchase price was not disclosed.
A call to Col. Joseph M. Land , chief of staff of the U.S. Army Cadet Corps, was not answered Thursday night.
But Land stated in the press release that his organization's goal is "preserving the heritage of cadetting in Kentucky, while moving the U.S. Army Cadets Corps into the future."
Land will make an on-site visit to Millersburg on Friday and Saturday, according to the Carlisle bank.
The Army Cadet Corps, based in Dayton, Pa., says it offers an "army-oriented career exploration" program for boys and girls ages 12-18. According to the organization, the program is intended to give students a firsthand view of military life, although they are not obligated to enlist in the military.
The corps says its cadets train in hometown units one weekend each month, then attend two or more weeks of "military-style training" each summer.
According to the corps, the plan is that Millersburg eventually "will become the home of USAC's summer training programs."
The once-proud Millersburg Military Institute was founded in the small Bourbon County town in 1893 with the motto that "Right Training is Better Than Riches." During its hey day as a military boarding school, it educated students from some of Kentucky's leading families.
But the institute fell on hard times in recent years, with enrollment shrinking and financial problems growing. It struggled along for a while under the name Millersburg Military Academy, before finally closing in 2006 after its entire board of directors resigned. It was the last military school to operate in Kentucky.
The U.S. Army Cadet Corps said it plans to hold an open house at Millersburg before year's end.