Developer Eric Farrell and Champlain Housing Trust reached a deal for the housing at Cambrian Rise, a new neighborhood planned at the site.
The former chair of the college’s board said he didn’t know why the bank sought the order: “There’s no more board, there’s no more Burlington College. At this point People’s United is Burlington College.”
Real estate mogul Tony Pomerleau rescued the Burlington College deal with last-minute cash. He also told Jane Sanders to sell part of the land, a plan she was never able to execute.
The head of the Lintilhac Foundation says her foundation’s $120,000 donation was based on the assumption that some of the college’s 33 acres of lakefront property would be sold.
Cambrian Rise is expected to include 739 apartments or condos, a 42-room hotel, 49,000 square feet of commercial space and other amenities.
Burlington has received a $500,000 grant to establish a new waterfront park. The money will be used to assist the city in acquiring 12 acres of land to develop a park on the shores of Lake Champlain. The park will occupy a portion of the land formerly owned by Burlington College. Future plans are to […]
Sanders declared that an examination of public records would show she had the college in “the best” financial shape it had been. But documents show otherwise.
I won’t dwell on the details of Burlington College except to say that the entire fault lies with the board.
The VTDigger reporter told host John Harwood about the origin of the federal probe into the land deal Jane Sanders made as president of Burlington College.
Former college trustee Jane Knodell said the auction of the last remaining property represented a final sad chapter in the history of the college.
The subpoena issued to a Vermont finance agency demands records related to the purchase that Jane Sanders spearheaded, including “any and all fundraising efforts, pledges, donations.”
While developer Eric Farrell won’t say if he’ll place a bid at the auction, the former Burlington College property is part of his development plans for Cambrian Rise.
Rep. Don Turner said the allegations arose from a conversation he had with three bankers at a Montpelier restaurant around the time the school closed.
The senator called it an “absolute lie” that he improperly helped secure a loan for Burlington College while his wife was president there. He was asked about the claim on CNN and MSNBC.