Poor Belmont. This picturesque estate in Elkridge continues to make headlines for the wrong reasons. Ever since the property was sold by the American Chemical Society to Howard County Community College for $4.8 million in 2004 it has been the subject of controversy. According to this story by Larry Carson in The Sun today, the college used unauthorized surplus funds to repay the “gift” from Harry “Chip” Lundy that originally helped them with the down payment for the historic property. The college has now agreed to pay that $1.7 million back to the county.
Where will the college get that money?
“When the school sells a 13-acre portion of the 81-acre property, the proceeds will be used to repay the surplus. No sale is imminent, however.”
The 13 acres the college hopes to dispose of to raise this money is the land surrounding the Dobbin House portion of the conference center campus. Dobbin House sits at the end of a tree lined drive just before the main entrance into the property. This was the property Chip Lundy had hoped to acquire for senior housing in return for his gift.
You can read my previous posts about Belmont here, here and here.