Boston suburb housing authority to buy closed college campus for $21 million
In short
A Boston suburb’s housing authority plans to buy the Eastern Nazarene College campus for $21 million. The college closed last year.
The deal could give the empty campus a new use. The reporting does not say when the sale will close or what the housing authority plans to do with the site.
What the reporting says
A Boston suburb’s housing authority is planning to buy the closed Eastern Nazarene College campus for $21 million. The summary says the college closed last year, but it does not state when the purchase would close or how the property would be used. The reported transaction signals a new use for the campus, though the final deal terms are not stated in the available reporting.
Why it matters
A Boston suburb’s housing authority is planning to buy the closed Eastern Nazarene College campus for $21 million, according to the available summary. The college closed last year, but the reporting does not say when the sale will finish or what the buyer intends to do with the property. The immediate significance is a potential ownership change for a large campus asset in the Boston area.