Posted on 07/07/2019 8:48:47 AM PDT by aMorePerfectUnion
POULTNEY, VT. — For sale: Lightly used college campus complete with Greek revival buildings and a farm, sans livestock. In turnkey move-in condition with a biomass heating system and solar array for electric power.
Price on the 155-acre property is negotiable.
“It’s a beautiful campus. It’s in impeccable shape,” said Tony Blake, a Vermont real estate agent working with the Boston office of the Colliers International to sell the now-empty Green Mountain College.
Citing declining enrollment and rising costs, Green Mountain officials in January said this would be the last year in operation. The school closed in May after its final semester. With about 500 students, a limited endowment and heavy debt load, the school’s trustees said they were simply running out of money... (more at linky)
” I had no idea the usda did mortgages!”
The intention was to provide home funding in rural areas to support agriculture.
The abuse comes when cities expand and former AG areas become bedroom communities. USDA doesn’t react fast enough and entire subdivisions are built and then sold using USDA loans to people who drive 30 miles into work each day.
Sounds as useful as someone graduating in 1990 with a degree in Soviet Union studies. Oh, wait, they could be a politician today.
The college had a “Farm”.
There was a VSP narc, an impending heart attack with shoulder length hair and a beard, that would hang around downtown, in the village, trying to "infiltrate". It was a joke.
Had a daughter going to Castleton, while I was working at GE, in Rutland. Knew local LEOs.
I’m sure the progressive dolts in our VT Legislature will cheer when it’s sold to a major firm specializing in marijuana production.
Yup!
They'll come down from Colchester and the rest of Chittenden
This looks like a roadmap to underwater, walk-away mortgages.
Rural development loans were certainly part of the mortgage debacle but here in Maine they were a small part compared to the Fannie Mae and Freddie Mac loans that people walked away from.
Hillsdale College Vermont branch...
Resort Management?
About the only interesting studies at that college. Sustainable Business? What is that?!?!
I said that it should be a branch of Hillsdale. Think about a Conservative College in New England...that would be great...
“A relative is trying to sell a house in Illinois. Currently have a contact on the house With the buyer trying to secure a USDA loan. I had no idea the usda did mortgages!
June, this country is off the rails where money is concerned! People in government have no concept of where the money they spend comes from. They talk in the Congress how the only option is to move the debt ceiling and just keep on spending, and we have let them get away with it for all of my neary 80 years! Everything seems to either be on “automatic,” or they simply spend it because if they don’t they won’t get any more.
“s the college AOC graduated from still in business?”
No, unfortunately that would be that $hit hole in Boston known as Boston University, where my wife and I pi$$ed away more that $250k on a worthless music degree for our youngest daughter. It’s Dan Rather’s alma mater.
The USDA still does home loans in areas which were once farm areas. even though many are built out. There was a map on line where you could check it or put in a zip code. I am 10 years after my experience., That’s all i remember. oh yeah, good rates.
Texas Dan?
Amen to that!!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.