For Sale. Historic Manor house, circa 1738 on 82 acres in Elkridge, MD. Comes complete with irascible neighbors.
According to this story by Larry Carson in The Sun today, Howard Community College has put the Belmont Conference Center up for sale after five years of tumultuous stewardship.
“The decision comes as the state Board of Public Works voted to cut $10.5 million cut from state funding for community colleges as the sour economy drives more students to the cheaper two-year institutions.”
Since the college foundation originally acquired the property under a controversial financing arrangement with local homebuilder Harry “Chip” Lundy, the college had found itself continually at odds with the neighboring property owners. The relationship is further strained by the easement that allows access to the property through a one lane road that goes through their properties.
According to this story by Larry Carson in The Sun today, Howard Community College has put the Belmont Conference Center up for sale after five years of tumultuous stewardship.
“The decision comes as the state Board of Public Works voted to cut $10.5 million cut from state funding for community colleges as the sour economy drives more students to the cheaper two-year institutions.”
Since the college foundation originally acquired the property under a controversial financing arrangement with local homebuilder Harry “Chip” Lundy, the college had found itself continually at odds with the neighboring property owners. The relationship is further strained by the easement that allows access to the property through a one lane road that goes through their properties.
Earlier this year the college had signaled its intention to sell off Dobbin House and its surrounding 13 acres as way to raise cash and pay down debt it incurred to acquire the estate. Now it appears that they have decided to throw in the towel completely.It’s tough time to sell a multi million property, let alone one that has issues.
