An "e-True Blue" e-mail newsletter today from the UM Alumni Association includes the item that the Baits I (but not the Baits II) housing complex on the North Campus will close down. I lived in one of the Baits I buildings (Parker House) during my first year of graduate school (1984-85), before moving to a series of apartments in the Central Campus area for years 2 through 5 of my graduate training.
This Michigan Daily article on the closure includes a picture of the complex. The article alludes to one of the current Baits residents being a sophomore. Back in the day, as I recall, Baits was a primarily, if not exclusively, graduate-student complex (apparently, it also accommodated upper-level undergrads, as I've now discovered). According to the article, Baits I would have required at least $6 million in renovations, which the powers-that-be do not feel is a prudent investment. Also, Baits I does not meet the university's goal of having "complexes within five minutes of a residential dining hall."
The last claim is totally valid. The nearest dorm with a dining hall was Bursley, which I recall being a lot longer than a five-minute walk. As shown on this map, Baits II is a lot closer to Bursley than is Baits I. Usually, I would have dinner at one of the restaurants in the Central Campus area on my way home, after a day of work at the office.