St. John's University Sells Staten Island Campus for $30 Million to Wagner College
Updated
Updated · Bloomberg · May 29
St. John's University Sells Staten Island Campus for $30 Million to Wagner College
2 articles · Updated · Bloomberg · May 29
$30 million in city register filings shows St. John’s University has completed the sale of its Staten Island campus to Wagner College.
Wagner is financing the purchase with debt, including a $32 million mortgage from Metropolitan Commercial Bank disclosed in bond documents.
State agency records show Wagner also weighed borrowing through a private placement transaction, underscoring the financing effort behind the acquisition.
Is Wagner College's huge campus purchase a smart investment or a debt trap for students?
St. John's sold a campus for $30M while cutting programs. Where is the money going?