Cash-strapped Hampshire College may develop some of its 800 acres for housing, commercial use
AMHERST — Financially strapped Hampshire College will one one day turn some of its 800-acre campus into housing or commercial space as one way of insuring its future.
“In due time and for its benefit, Hampshire will develop some of this acreage in mission-aligned ways,” college interim president Kenneth Rosenthal said Friday during a public meeting with state Higher Education Commissioner Carlos E. Santiago at Amherst Town Hall.
Rosenthal, speaking in an interview after the meeting, said Hampshire has been approached by local business people, including Hampshire alums.
“Our answer is ‘We are not ready yet’,” Rosenthal said. “Anything we are talking about is years in the future. But there is an unrealized asset there. Hampshire’s been here for almost 50 years and we want to be here for much much longer.”
Read more: https://www.masslive.com/news/2019/07/cash-strapped-hampshire-college-may-develop-some-of-its-800-acres-for-housing-commercial-use.html