Albany County Acquires Former College Property Amid College Closures
1 report, 1 independent
Updated Fri 00:00
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What happened
Albany County sold the former College of Saint Rose property within the past 11 months. Separately, the 113-acre Wells College campus is back on the market after the private liberal arts college ceased operations in June 2024 due to mounting debts and falling enrollment. The Hiawatha Institute for Indigenous Knowledge is suing to force the sale of the Wells College property.
From wxxinews.org
Why it matters
The sale of these properties reflects a rapid trend of college closures and mergers, with an estimated 400-plus institutions deemed at risk over the next decade. This trend impacts local property markets and institutional tax bases.
From wxxinews.org
Who's involved
- Albany CountyAcquired the former College of Saint Rose property
- Susan HenkingPresident of Wells College, commenting on the institutional crisis