I am pleased to announce that the Salisbury University Foundation has approved
the acquisition of the Dresser property. With this 19-acre addition, SU expands
to 173 acres on both sides of Route 13. The $5.5 million purchase authorized by
the SU Foundation was negotiated by its affiliated Real Estate Foundation with a
line of credit established three years ago. I wish to express my appreciation to
all who made this acquisition possible, particularly Paul Parks, president of
the SU Real Estate Foundation, and Kim Nechay, assistant director of the SU
Foundation. As I note in the attached press release, this land offers exciting
possibilities for future campus development which, in the years ahead, will
benefit our students and the community. The largest acquisition of land by the
Foundation in the last quarter century, this truly is a historic moment for the
University.
Janet Dudley-Eshbach, Ph.D.
President
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
20 comments:
Great addition for the school. I hope the development will include more student parking.
I guess we be changing our city name to University City soon .
Who is going to pay for the clean-up of the contamination on that site? I have heard that due to petroleum by-products leached into the soil that hardly anyone was interested in purchasing the site. If this is true, will the EPA have to come in and treat it like a Superfund site? now, I hope I am wrong and these were just rumors, because this property will make a great addition to the campus.
I think that it is wonderful that Mr. Craig Jahelka of WBOC is taking the time to respond to this issue in this forum. You won't find many manager's in any business willing to jump in and take action. I can assure everyone that Craig is absolutely correct. I have personally asked DirecTV on several occasions why they don't carry the locals here in Salisbury. Their response has always been that they do not have unlimited band width available on their birds to service every small town in the country. They concentrate local channel availability on major population centers. There are no plans to add our locals in the near or distant future. I personally believe that we'll get Verizon FIOS (fiber) before we ever receive locals on the satellite.
I want to take this opportunity to thank Joe on a different but related subject. I have had trouble with my WMDT-47 reception at my home for years. I posted here a few weeks ago and we heard from a lot of folks. My problems with 47 are fixed and they did a great job. I would also like to thank Ms. Jamie Heater of WMDT-47.
Great Job SU! That was definately a key aquisition and will definately add to the city of salisbury in many ways. Keep up the great work!
More private property removed from our assessable tax base.
And people wonder why their property taxes are going up?
Folks . . .you had better pay attention to what is transpiring in and around the University. Large amounts of private property have been taken off our tax rolls to the DETRIMENT of our ordinary taxpaying public. Just how many. . .I can tell you first hand its alot. Way to many to count even on both hands.
I have heard the warning shots fired off for years. Wonder how much our taxes will go up this year as a result of yet another Socialistic move.
more campus/fancy bricks=more revenue/tuition for SU (tuition so high no local people can afford to go anymore)+ less benefitted, middle class jobs (i.e. Dresser, North Ind Prk jobs)= fiscal disaster for local community. If u wthch tv the car makers are having to give up stuff to get stuff. How does that tranlate locally. What sacrifices will be made by the s.u. administration to add security to their own campus so their own students dont get mugged evetynight or throw logs through the neighbors windows. Please help me with genuine answer here.
I live on the north side of College Avenue. I wonder if they'll buy my home as I would love to sell it. The traffic have worsened to a level that I even dread to go home at night.
Well your Goverment now owns a substantial interest in;
1. Citigroup
2. AIG
3. Bear Stearns
4. Goldman Sachs
5. Fannie Mae
6. Freddy Mac
Soon to own part of GM, Ford, Chrysler, maybe next Home Depot, Lowes, Sears. Might as well have your local Government takeover to.
They damn well better use that property well. For every benefit their growth has brought, I can name two downsides.
wow we have done something now.
Lost 800 jobs that where once there and created jobs for about 20 drunk teachers.
Oh and there is god knows what burried in the back of the plant , over by the railroad tracks.
Guess the tuition from the rich on the other side of the bay can pay to move it.
Oh where are all these graduates going to get a job?
Does anyone watch the real news ?
I heard on this blog that they layed off 12 people,ha ha ha.
Dressers is part of my childhood, we moved here from Berlin. Long, Long time ago. About ten men in the neiborhood worked there. Back then if you worked for "Wayne Pump" and your wife worked at giant food , you were rich. Times are a changin, quick to. God ive deprssed myself, hate when that happens.
Whine, Whine, Whine. Moan, Moan, Moan. What part of "the University is here to stay" don't some of you people get???
Dudley-Eshbach is one of the ugliest, ridiculous, and most needlessly difficult to pronounce of any pseudo-English-hyphenated-downright stupid-high-faluting-wannabe-upperclass- last names I have ever had the distinct misfortune to run across. ESADMFWB!
Good job SU. The entire site should only be dormitories and parking.
more tax exempt property in the city.
oh well, we'll just raise taxes and water and sewer and trash pickup and everything else to make up for it. s.u. won't have to pay for anything except what they pay for the property and building on it. maybe we can build a few more tax exempt churches while we're at it.
If they incorporated parking below and first story commercial space for business that are especially to college-age patrons maybe the implications to the local tax base could be mitigated. The problem is a lack of willingness to have discussions about solutions. U. Park is a huge drain, paying 50% of what they normally would in taxes and sucking way more that 100% of the services used by other apartment building. It is another example of how local taxpayers are made to subsidize thier competition with their hard earned tax dollars.
Hey , don't knock the collage......ooops I mean university. The new group of terorist have to be schooled some place don't they ? Why not here , where the education is more geared with slowberry in mind. Maybe then we can catch em before they can pull their next big attact off.I'm sure they would of never got away with getting one of them selves elected like they have. Hmmmmm. food for thought for all you lost sheep.....keep on baaaaing lol
The Daily Times again did a disservice by not including in its story the amount of property tax revenue that will be lost by this transaction. From what I can tell this past July the Dresser property was assessed for $1,634,000. Multiply that by 81.9 cents per $100 and the annual loss just in city taxes is around $13,400 (it would be a similar amount lost by the county taxes).
For Salisbury to get that back it would need 16 new houses assessed at $100,000. Maybe they can ask Mr. Dunn or Mr. Ruark to build some more? And perhaps the university can hire them to feed its continued growth?
The same math should be applied to see what the city is losing with the Allenwood sale, and the Daily Times property sale to PRMC.
Post a Comment