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."
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You got me! lol. I have updated the photo caption. Your razor sharp red pen is always appreciated Gossips.
ReplyDeleteI wonder if after Bard does their 90-day due diligence, the transfer might not happen. They might find that navigating the perilous waters of Hudson would demand too much of their institutional energy. Hope I'm wrong... PJ
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