More About the Galvan Gift to Bard

Jamie Larson has an article today in Rural Intelligence about Galvan's announced plan to donate its real estate holdings in Hudson to Bard College: "Bard CFO Sheds Light on Major Hudson Property Gift from Controversial Developer." 

Bard is currently engaged in a ninety-day due diligence process, and it has still not been made public which properties are included in the gift. In the article, Bard Chief Financial Officer Taun Toay addresses two concerns: "Bard will not be using Hudson properties for student housing and has already reached out to the library board to set up discussions on its wants and needs." Toay is quoted in the article as saying, "We'll be looking to sell a number of properties. We'll be looking to probably hold a few others, and it's going to be a several-month process to determine which falls where."

Gossips cannot resist a bit of fact checking. This picture is included in the article, identified as "A Galvan owned building on Allen Street." 

This is incorrect. Galvan does not currently own this pair of houses. As Hudson Collective Realty LLC, Galvan acquired the two houses in February 2016. After a restoration carried out in 2023 to 2024, both houses were sold: the one on the left in May 2024 for $1.1 million; the one on the right in August 2024 for $950,000.

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