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Old 08-08-2023, 01:48 PM
 
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After seeing this, College of St. Rose to sell 8 buildings on, near campus: https://cbs6albany.com/news/local/co...=Coffee+Break#

and with other smaller colleges closing across the country, will The College of St. Rose in Albany's Pine Hills neighborhood make it or could it be in danger of closing?

For those not familiar with the college: https://www.strose.edu/
Street view: https://www.google.com/maps/@42.6639...2i37?entry=ttu
Demographics: https://nces.ed.gov/globallocator/co....asp?ID=195234
Athletics(NCAA Division 2, has had some good Men's Basketball teams): https://gogoldenknights.com/
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Old 11-29-2023, 10:18 AM
 
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Amid uncertain future, Saint Rose leaders to meet, review finances: https://spectrumlocalnews.com/nys/ca...ture-uncertain

More: https://www.newyorkupstate.com/schoo...ncy-funds.html
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Old 12-01-2023, 05:55 AM
 
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A sad update...

College of Saint Rose board votes to close school: https://www.timesunion.com/education...recount=MTA%3D

This is the third private Upstate NY college to close within the past couple of years after Medaille College in Buffalo and Cazenovia College closed their doors last year.
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Old 12-04-2023, 09:24 AM
 
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It looks like someone is not happy about this getting out...

College of Saint Rose President slams media over leaked closure announcement: https://cbs6albany.com/news/local/st...ecember+4+2023
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Old 12-11-2023, 01:29 PM
 
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Pine Hills asks what's next when Saint Rose closes: https://www.timesunion.com/education...s-18532851.php

"A dormitory might become a single-room-occupancy boarding house for men. Another college building could become a clinic to treat substance use disorders.

As the once-bustling College of Saint Rose buildings are sold and new owners seek permits, neighbors are watching with increasing alarm.

"Everybody's getting slapped in the face, that's for sure," said Noori Mirwais, who counts on foot traffic from the college at Madison Pizza, the restaurant he manages at the corner of Ontario Street and Madison Avenue.

“However you look at it, it’s going to be a mess,” said long-time neighborhood resident Ric Chesser.

The news last month that the 103-year-old college would close its doors after the 2024 spring semester has shaken the neighborhood's residents and businesses. The fate of the college's 87 properties remains unclear. The college's Board of Trustees will try to sell the properties to make whole the school's bondholders, who have control of the college's $48 million debt. Whatever comes next for the 48 acres the college owns will reshape the city's Pine Hills neighborhood for decades.

The boarding house idea for 568 Morris St. comes officially from the College of Saint Rose, which still owns Morris Hall, but is in the process of selling it to developers who would run the house. Meanwhile, the addiction recovery nonprofit Hope House already purchased two college properties on Madison Avenue.

History turns to questions

The Pine Hills neighborhood was Albany’s first “streetcar suburb” – a neighborhood made possible by the growing trolley network that allowed people to live farther from their downtown workplaces.

The creation of Albany's Washington Park by state Legislature action in 1869 encouraged interest in building residential neighborhoods to the west of the park. Two Albany attorneys, Gaylord Logan and Lewis Pratt, used a $100,000 bank loan that same year to buy up property. The covenants attached to Albany Land Improvement Company sales from 1888 to 1893, which required uses to not be turned over to commercial activities, no doubt influenced what the neighborhood looks like today.

Saint Rose followed other Catholic institutions that entered the neighborhood. It started in 1920 with a class of just 19 women in a large home with a wrap-around porch at 979 Madison Ave. Everything from student housing to classrooms to faculty housing to a chapel was in that building, now known as Moran Hall.

The college grew over time but expanded rapidly between 2000 and 2012, a period in which it spent $100 million on new campus facilities.

Chesser was among the voices that argued that Saint Rose should not have been allowed to demolish about a dozen houses in the neighborhood for new school buildings in 2010.

“And now we’re about to deal with their rotting corpses,” he said.

Dannielle Melendez, the president of the Pine Hills neighborhood association, said the group’s greatest concern is that the college's buildings will be empty.

“We do not want to see any vacancies because that is detrimental to a community and I think that it's important for us all to work together and to fill those vacancies,” she said.

Melendez, who received her MBA from Saint Rose's Huether School of Business in 2017, took over as president of the neighborhood association just weeks before the Saint Rose board voted Nov. 30 to close the school.

She and her husband bought a home in the neighborhood and have Saint Rose students as neighbors. The couple was drawn to the idea of a walkable, vibrant neighborhood that includes a mix of students, renters and long-time residents.

“And since moving there, we have enjoyed all that,” she said. “We've enjoyed walking to places, the restaurant strip on Madison, our local flower shop, our local pizza shops. Saint Rose is built into our neighborhoods.”

Melendez said the school’s financial struggles were on the neighborhood association’s radar but she assumed it would merge with another school.

But she struck a tone of optimism about the potential changes. The neighborhood association plans to hold a roundtable discussion on the future of the campus at 7 p.m. on Jan 18 at the Hanner Center, 391 Western Ave.

“I'm very hopeful for the future so it's not something that is doom and gloom,” she said. “I know that it's going to be a process and that the Pine Hills Neighborhood Association, we're going to want to be a part of that discussion.”

Finding a new use

As the college expanded over the years, houses in the neighborhood were replaced with school buildings. While some, like the dorms, could become apartment buildings, others are going to be harder to reuse.

Four Queen Anne-style homes were demolished for the 56,000-square-foot Thelma P. Lally School of Education on Madison Avenue. Its size will limit potential new uses. However, that building is close to the street – while others are tucked back, with entrances on internal roads or paths, posing potential challenges to reintegrating them with the neighborhood.

The William Randolph Hearst Center for Communications and Interactive Media is among those that can’t easily be seen from the main road. It opened in 2010 as a 20,400-square-foot facility that includes a television studio and control room, an Internet radio station, two recording studios, a performance venue, and computer labs.

And then there’s the Massry Center for the Arts, a three-story building designed for recitals – but not theater shows, which require different amenities for lights and other staging requirements. It’s 46,000 square feet with mostly classrooms and a recital hall that seats 400 people.

Chesser and other residents fear such buildings will wind up vacant long term.

"What I fear is it being done piecemeal, and so all the things that aren’t easily convertible to something else will just end up being abandoned," Chesser said.

Bruce Roter, a Saint Rose professor who wrote the music used at the inauguration of the Massry Center, proposed on his blog at saintroseexposed.org that the center should become the Pine Hills Arts Center.

Roter sued the college after he and other music professors were laid off when their program was eliminated in one of the college's past attempts to resolve its growing deficit.

“How poignant it would be if music professors who were laid off in 2022 were able to return to pursue their passion at the Massry Center,” he wrote in an email.

Seeking stabilization

For business owners, the news that the school will cease to exist is the latest blow in what is becoming an increasingly difficult landscape to operate in.

Madison Pizza's Mirwais said that 15 to 20 percent of his business comes from Saint Rose students. After more than three decades in business, the pizzeria has become attuned to the seasonal nature of a clientele largely made up of college students. The college closing will be a different thing entirely and not just for his shop, he said.

"It's going to be a big problem for the city of Albany, what are they going to do?" he asked. "What kind of neighborhood is going to be here?"

Business owners and workers at several retailers near the college said that the area had been in a period of decline well before Saint Rose's troubles came to light.

The Capital Region Chamber, the area's chamber of commerce, does not have exact figures on how much Saint Rose students contribute to the economy of the neighborhood around the college but noted that census data shows a 16 percent decrease in college-aged students living in the Pine Hills area between 2016 and 2021.

"We are getting less and less business every year," said Bajradhar Bajracharya, owner of 212 Market on Quail Street, a cavernous one-stop shop selling beer, instant noodles, vapes, toiletries and a host of college essentials.

Chesser just hopes the city and neighbors will create a plan for the entire three-block area.

“I don’t want, on July 1, to have three city blocks empty with red Xs on every window and door,” he said, describing the signs the city places on derelict buildings. “If it becomes a feeding frenzy, then that’s a completely different nightmare.”

Common Council member Owusu Anane, who represents an area that includes part of the college, said the city would explore every avenue to find a way to further develop around the campus.

Mark Eagan, the chamber's CEO, said the organization would work to support neighborhood businesses during the transition period after the college closes.

"There is a concerted effort underway to repurpose the campus with a mix of tenants that will be complementary to area businesses and add to the economic vibrancy of the neighborhood," he said in a prepared statement.

Albany Mayor Kathy Sheehan has said she is "optimistic" some form of higher education instruction will be carried out by other institutions in at least some of the buildings currently occupied by Saint Rose. The University at Albany said in a statement that it's too early to say, but that it is committed to the neighborhood – where it also has buildings – and would assist "in whatever ways make strategic and operational sense for UAlbany and that our campus resources permit."

In the short term, Saint Rose students are scrambling to figure out where they should transfer to complete their degrees. It will still be months before the community learns how the closure will impact ownership of the buildings and what the path forward for redevelopment might look like.

At Madison Wine and Spirits on Madison Avenue, clerk Matthew Bartosh is one of the lucky ones. He is graduating from Saint Rose in May after completing the school's MBA program. Bartosh said the store's owner told him Saint Rose students, particularly sports teams, were a valuable part of his customer base.

"Hopefully the businesses like this and the surrounding ones can find a strategy to rebound," Bartosh said."
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Old 12-18-2023, 12:03 PM
 
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Town hall planned for Pine Hills residents worried about Saint Rose closure: https://www.timesunion.com/news/arti...ly%20headlines

"A town hall meeting to discuss the impending closure of The College of Saint Rose has been scheduled for Thursday evening.

Common Council Members Owusu Anane and Ginnie Farrell, whose districts encompass the Saint Rose campus and surrounding neighborhood, will be hosting the gathering from 5 p.m. to 7 p.m. at the Pine Hills branch of the Albany Public Library at 517 Western Ave.

Anane said that the meeting is open to all who have a stake in the Pine Hills neighborhood including homeowners, renters, business-people and soon-to-be-displaced Saint Rose students.

"We want to make sure whatever comes after Saint Rose is something our community members support," Anane said.

Calling the meeting a "forum for concerns to be heard," Anane said the purpose of the meeting is to listen to community members as the neighborhood enters an uncertain period. "We want to hear what people want to see in their neighborhood," he said.

Anane said that the financial situation for those who own property and businesses in the area will be "tough" in the wake of the school's closure, but that he had already been fielding calls from those who have the resources to contribute to the neighborhood's resilience and improvement.

He said that an invitation will be extended to Saint Rose to participate in the town hall, but that the emphasis will be on listening to the public rather than hearing from the college.

"We want this to be community driven," Anane said. "Change can be scary, but it can also be good. I think it's going to be a huge turnout."
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Old 04-18-2024, 08:32 AM
 
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Not so fast?

Touro University and College of Saint Rose explore partnership: https://www.timesunion.com/news/arti...sports%20alert

"Touro University, a New York City-based school, said it is exploring an affiliation with The College of Saint Rose — a last-ditch effort that could potentially keep the 104-year-old college campus open in some form.

The exact parameters of the potential deal were unclear on Monday.

Touro University President Dr. Alan Kadish confirmed the school had some preliminary exploratory discussions with Saint Rose. Kadish did not provide further details, saying there are no specific plans in place, and it is still uncertain whether any type of partnership would be finalized.

Kadish added that while there is no timetable to reach a deal, it would have to be done soon.

Jeffrey Stone, the chair of The College of Saint Rose’s Board of Trustees, said in a statement the board is looking at all options when it came to future use of the campus. Stone noted that any partnership with another higher education institution would require both state and federal approvals, as well as the Middle States Commission on Higher Education, an association that accredits colleges and universities.

“While we are considering all options, the Board of Trustees continues to plan for the college’s closing, with the end academic instruction at the conclusion of Summer Session 1 on June 21,” he said. “We will inform our community of any developments as we are able.”

Touro University is the largest Jewish-sponsored educational institution in the United States, according to its website. It has campuses in New York City, Long Island, Nevada, Illinois and California as well as Israel, Germany and Russia.

The discussions between the schools began several months after the Times Union reported Saint Rose would shut down after the end of the academic year. Touro officials toured Albany in mid-March, according to a Pine Hills businessman who was aware of the tour and spoke on condition of anonymity.

Assemblywoman Pat Fahy, chair of the Assembly’s Higher Education Committee, said since Saint Rose announced it was shutting down the goal is to mitigate the potential impacts of the closure.

“Today’s news that Touro University is exploring a partnership with Saint Rose is a result of months of collaboration and planning, and while preliminary, I’m encouraged by the progress that’s already been made,” she said in a statement.

Dr. Bernard Lander founded Touro University in 1971. The school is named after Isaac Touro and his son Judah. Isaac Touro was a colonial Jewish-American leader and philanthropist who helped build the Touro Synagogue in Newport, R.I., the oldest surviving Jewish synagogue in North America.

Several details would need to be hammered out for any partnership to occur, including what happens to any portions of the Saint Rose campus that Touro University doesn’t use. While Touro has physical campuses, the university does not have an athletic program or traditional arts programs — which might mean many of Saint Rose’s buildings would not be needed in such an affiliation.

One of the largest questions is whether Saint Rose’s bondholders would sign off on a deal. The school told its bondholders in January it would no longer make interest payments on more than $48 million in debt. The bonds are secured by a “gross revenue pledge,” a mortgage on selected campus facilities appraised at $78 million in September 2021.

If the college closes, 87 properties — most of them in the Pine Hills neighborhood — would become vacant. The college had purchased almost every building along one block bordered by Madison and Western avenues and Partridge Street. While there are some large academic buildings at Saint Rose, many of the properties are one- to three-family houses.

Saint Rose officials have tried for several years to find a partner to help keep the school open. The college has grappled with shaky finances for years as its enrollment steadily dropped. In 2020, its accreditor began requiring the college to provide proof of “improved financial viability” every year. In June, the Middle States Commission on Higher Education said the college’s accreditation was in jeopardy because of its fiscal situation.

The school identified at least three potential partnerships since the summer of 2022 that would have kept the college afloat, but none of the deals worked out.

Last fall, college officials also made a plea to city, county and state officials for a bailout that would allow the college to remain open for another year while it sought a school to potentially partner with.

Since the college’s Board of Trustees voted to close the school, some local colleges and universities have set up programs for Saint Rose students looking to transfer to finish their degrees."
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Old Today, 10:36 AM
 
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A related article...Albany County leader wants to buy part of Saint Rose, County Executive Dan McCoy wants to create a new entity to redevelop part of the campus: https://www.timesunion.com/news/arti...ly%20headlines

"Albany County Executive Dan McCoy wants a proposed county authority to purchase a large portion of The College of Saint Rose campus in a move that hinges on the state creating a new public redevelopment authority.

McCoy’s proposal is for the Advance Albany County Alliance, the county’s economic development arm, to issue bonds through the newly created authority to buy the soon-to-close college’s mortgaged properties from the current bondholders.

There also have been preliminary conversations that involved state and county money for possible investment in the campus’ future, but those have not been solidified. The total public investment and the breakdown between the state and county has also not been decided.

A redevelopment authority would remove the private bondholders from having a say in the future of the college properties and allow the county to entertain future uses for the buildings while ensuring they stay in good condition.

The creation of the authority that would fund the proposal requires an act of the state Legislature. The Legislature’s session ends June 4.
McCoy acknowledged the plan was a long shot, but he wanted to avoid the campus deteriorating like the former Doane Stuart school, which became vacant in 2009.

“There’s a lot of logistical hurdles,” he said.

Those include getting support from the Albany County Legislature for any bonding, real estate purchases and authorization to ask the state to create the redevelopment authority.

McCoy would not say how much he intends to offer the bondholders if he is successful in creating the authority. The College of Saint Rose refinanced $48 million in debt in 2021. The bonds are secured by a “gross revenue pledge,” a mortgage on selected campus facilities appraised at $78 million in September 2021. The college notified the bondholders it would no longer make interest payments on its debt in January, a little over a month after it announced plans to shut down.

The mortgaged properties include the Thelma P. Lally School of Education, Moran Hall, St. Joseph Hall, the college’s events and athletic center, as well as Centennial Hall and others.

McCoy and others have said they fear that the college will go into bankruptcy, which would likely tie up any potential redevelopment of the college’s 87 properties for several years.

He said his plan would be for the new authority to sell some of the buildings to Touro University. The Times Union previously reported Touro and The College of Saint Rose had discussed a partnership that might include the sale of at least some of the college’s buildings. Touro University is the largest Jewish-sponsored educational institution in the United States, according to its website. It does not have typical collegiate extracurricular activities, such as athletics, and would only need several buildings to start, leaving the rest in Albany County’s hands.

“They don’t want all the buildings, obviously,” McCoy said.

It is not clear what would happen to the remaining buildings Saint Rose owns if McCoy’s plan to purchase the core of the campus is successful, but private and educational entities, including the city school district have expressed interest in various College of Saint Rose buildings.

Assemblywoman Patricia Fahy, who chairs the Assembly’s Higher Education Committee, said the plan for the creation of a public authority was preliminary. But that approach would allow the county and others to maximize the potential uses of the campus buildings.

“We need a multipronged approach here,” she said."
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