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[–] TheCompanionCube 0 points 3 points (+3|-0) ago 

I lived in Burlington for a number of years. It's a fun city with a huge number of college students. The local paper there is 7days. They have a good article about this: http://m.sevendaysvt.com/OffMessage/archives/2016/05/16/burlington-college-will-close-its-doors-this-month

It sounds like Jane Sanders was hired specifically to expand/move the college, per executive board decision , because it wasn't competing well with the other schools in town. Looks like the plan failed. Good news is that all the property is getting houses developed on it. Maybe rent prices will drop a little with more options available

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[–] WhiteSoIMustBeRacist 1 point 0 points (+1|-1) ago 

Jesus Christ, how can you have a university/college with only 200 students? This college was done before she got there.

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[–] lordtyp0 0 points 3 points (+3|-0) ago 

Yeah, I don't think I've run across the complete story, but it looks like she was put in position to do the expansion. Given a directive and planned budget. The waterfront property in question is interesting. A diocese put it for sale for legal defense against molestation charges. College bought for 10 mil. Was in really bad shape. Recovered to being 2M in debt.

Then the banks pulled the plug, odd in it's own right. A 1M line of credit was pulled after that big of an improvement?

I wouldn't doubt if the forced closure was more of a land grab by someone with vested interest.