The Evansville Catholic Diocese put the former Rex Mundi convent up for sale. March 22, 1975, George Utley, director of Ivy Tech, purchased the old Rex Mundi convent for $1.5 million for the state. More than half of the proceeds from the sales of Rex Mundi was used to pay off old debts. With the closing of Rex Mundi, faculty had to be distributed elsewhere. Catholic school officials were responsible for the employment of staff and faculty for the two remaining Catholic high schools in Evansville. The selection of faculty depended on a basis of need, competence, and seniority.