Vermont Business Magazine Earlier today, the Goddard College Board of Trustees announced the signing of a purchase and sales agreement with Execusuite LLC, a local property redevelopment firm, for the sale of the Goddard College campus. This agreement enables Goddard College to meet its financial obligations, ensuring timely payment to faculty and staff, settling debts with creditors, and providing a smooth transition for students.
The Board of Trustees said in a statement it will partner with a local investor experienced in revitalizing Vermont properties and committed to supporting the continued success of the Plainfield community. The college closed last spring.
“The Board is pleased to have reached an agreement that not only fulfills our financial responsibilities but also holds the potential to contribute to the future revitalization of Plainfield,” said Dan Hocoy, President of Goddard College.
“The Board and Execusuite LLC look forward to working together to foster a positive outcome for both the college and the broader community.”
“We are passionate about revitalizing historic properties and downtowns, with a strong track record of contributing to the renewal of communities across Vermont and New Hampshire, including White River Junction,” said Mike Davidson of Execusuite LLC. “It’s an honor to lead the future of the Goddard College campus while preserving its bucolic, historic, and unique character. Our goal is to maintain the existing structures and collaborate with both the local and Goddard communities to find meaningful uses for all the buildings. We’re aware of the local interest in the site and welcome opportunities to work with stakeholders to ensure the best possible outcome for the community.”
Source: 10.7.2024. Goddard College Board of Trustees www.goddard.edu