Villanova buying Cabrini University

[lloyde dobler]

Another sign toward the future of small Catholic schools.

Villanova has tentative agreement to buy Cabrini University campus; Cabrini will close in 2024

Villanova said it has no definitive plans for the campus. Cabrini, a 66-year-old Catholic institution, will continue to operate through June 2024. A final agreement is expected later this summer.

www.inquirer.com

 

[Pirates1991]

We need to do this with St E

 

[SOBO1]

Not as convenient, but I've been saying this for years about St. E's. It's only a matter of time before they are forced to close. FDU is next door and will most likely acquire the 200 acres to increase their campus to 500 acres. However, maybe there is an opportunity for us acquire the land in some creative way (i.e. merger, etc.)

 

[SOBO1]

We need to do this with St E

Beat me to it. I've been saying that for years. The challenge is that FDU is next door and probably foaming at the mouth for that land. This would be like Ivy Hill park and apartments going up for sale and FDU buying it. We would never let that happen.

I think the only way we could get it is if we merged.

 

[rdefabri]

Beat me to it. I've been saying that for year. The challenge is that FDU is literally next door and probably foaming at the mouth for that land. This would be like Ivy Hill park and apartments going up for sale and FDU buying it.

I think the only way we could get it is if we merged.

I posted a thread on it here. Might make more sense that dealing with the South Orange nonsense and could potentially expands our footprint with new dorms, buildings, parking, and athletic facilities. FWIW.

 

[hallgrad80]

The St.E’s land is prime real estate that developers have had their eyes on for years and could easily outbid SH for that land. In a merger with St.E’s the order of nuns that run St.E’s are not going to give that land away without getting a big paycheck.

 

[SOBO1]

The St.E’s land is prime real estate that developers have had their eyes on for years and could easily outbid SH for that land. In a merger with St.E’s the order of nuns that run St.E’s are not going to give that land away without getting a big paycheck.

That land is zoned "university." They can't sell to a private developer. For example, I live 5 minutes down the road in Madison and Drew University has been trying to sell 40 acres of their campus to a private developer. It's been a multi-year battle. Long story short they can't do it because the town won't rezone the land. Developer doesn't have interest in land they can't develop without massive litigation and town pushback.

FDU and St.E's are technically in Florham Park/Morristown so they might be more lenient than Madison but based on what I've seen it's not as easy as just selling to a developer and walking away.

 

[HallGuy23]

Here we go again

 

[SOBO1]

Here we go again

you can roll your eyes all you want but the fact of the matter is that a large number of private colleges and universities across the nation are going to be closing in the next 25 years. It's not a silly conversation.

A recent Harvard study predicted that as much as 50% of colleges and universities will close/merge in the coming decade.

 

[Pirates1991]

you can roll your eyes all you want but the fact of the matter is that a large number of private colleges and universities across the nation are going to be closing in the next 25 years. It's not a silly conversation.

A recent Harvard study predicted that as much as 50% of colleges and universities will close/merge in the coming decade.

Agree 100%. And Dr Nyre himself referenced about this issue and that we would be looking at opportunities etc

 

[HALL85]

The St.E’s land is prime real estate that developers have had their eyes on for years and could easily outbid SH for that land. In a merger with St.E’s the order of nuns that run St.E’s are not going to give that land away without getting a big paycheck.

There really is no paycheck… it’s more like an asset transfer, and I would think much like Cabrini, Saint E’s would want the legacy of the school to live on in some manner with another Catholic school.

It’s unfortunate that these schools hold on to the very end, even though they see the loss is piling up year after year. I’ve seen this happen with other nonprofits, and it really does a disservice to their mission and the people that work for them.

 

[SOBO1]

FAQ – Promoting Catholic Education

promotingcatholiceducation.com

Promoting Catholic Education – Promoting Catholic Education at Villanova University

promotingcatholiceducation.com

 

[HallGuy23]

you can roll your eyes all you want but the fact of the matter is that a large number of private colleges and universities across the nation are going to be closing in the next 25 years. It's not a silly conversation.

A recent Harvard study predicted that as much as 50% of colleges and universities will close/merge in the coming decade.

I know that, and there’s tons of public schools that should close as well. But the Seton Hall / St Elizabeth discussion has been beaten into the ground here.

 

[JoePeppitone2012]

I wish I had the confidence SHU would make this happen. I wish they would some way

 

[SHUSA]

st elizabeth is like 30 minutes away from SHU..... maybe we can buy land in new york too...

 

[MichiganStoleTitle]

I can’t have this conversation again.

 

[SHUisNJsTeam]

Would FDU even have the money to try to purchase the land St. E’s occupies? Didn’t think they were doing that well financially.

How about Caldwell? How much land do they have and aren’t they closer?

 

[HALL85]

Would FDU even have the money to try to purchase the land St. E’s occupies? Didn’t think they were doing that well financially.

How about Caldwell? How much land do they have and aren’t they closer?

This isn’t about “buying” the land.

 

[SOBO1]

st elizabeth is like 30 minutes away from SHU..... maybe we can buy land in new york too...

You’re not wrong. It’s not really a convenient location. But there is a plan to expand the geographic footprint (to what extent I have no idea). I don’t know where else you acquire usable land tho.

 

[JCB11]

This conversation has occurred dozens of times in recent years… but that‘s fine. The leadership of the university we love needs to be planning on a timeline of generations not just 5-10 year increments.

 

[lloyde dobler]

You’re not wrong. It’s not really a convenient location. But there is a plan to expand the geographic footprint (to what extent I have no idea). I don’t know where else you acquire usable land tho.

It’s not as far as you think. And it was the original location of SHU. Plus it’s served by a train station.

 

[cernjSHU]

Would FDU even have the money to try to purchase the land St. E’s occupies? Didn’t think they were doing that well financially.

How about Caldwell? How much land do they have and aren’t they closer?

Caldwell is a nice but small campus. According to its website, it has 70 acres. Caldwell is close to Seton Hall. Maybe 15-20 minutes away by car. With that distance, what makes sense to put there? For that matter any other land away from Seton Hall.

 

[JoePeppitone2012]

st elizabeth is like 30 minutes away from SHU..... maybe we can buy land in new york too...

Ever been to Penn State?

 

[TrueBlue1989]

This isn’t about “buying” the land.

FDU student population has been shrinking for years and the academic quality of its students is very poor. Why would it want to expand? Private schools in NJ , save Princeton, Steven’s and SHU, are struggling with nearly open admissions and declining enrollments. SHU has grown its student body in the past decade and improved academic quality of its incoming students.

 

[HALL85]

FDU student population has been shrinking for years and the academic quality of its students is very poor. Why would it want to expand? Private schools in NJ , save Princeton, Steven’s and SHU, are struggling with nearly open admissions and declining enrollments. SHU has grown its student body in the past decade and improved academic quality of its incoming students.

Because the Sisters of Charity likely care more about the legacy of the school (like Cabrini) than the money. They don’t care about cashing a check.

 

[silkcitypirate]

FDU student population has been shrinking for years and the academic quality of its students is very poor. Why would it want to expand? Private schools in NJ , save Princeton, Steven’s and SHU, are struggling with nearly open admissions and declining enrollments. SHU has grown its student body in the past decade and improved academic quality of its incoming students.

Our student population is maxed out because we do not have any more dorm space to accommodate more students. Also because of that the academic quality of students has also improved .

 

[HallX2]

Not as convenient, but I've been saying this for years about St. E's. It's only a matter of time before they are forced to close. FDU is next door and will most likely acquire the 200 acres to increase their campus to 500 acres. However, maybe there is an opportunity for us acquire the land in some creative way (i.e. merger, etc.)

FDU is a candidate for the endangered list. Not as dire as St E’s but not in a strong position at all.

 

[PirateFan94]

That land is zoned "university." They can't sell to a private developer. For example, I live 5 minutes down the road in Madison and Drew University has been trying to sell 40 acres of their campus to a private developer. It's been a multi-year battle. Long story short they can't do it because the town won't rezone the land. Developer doesn't have interest in land they can't develop without massive litigation and town pushback.

FDU and St.E's are technically in Florham Park/Morristown so they might be more lenient than Madison but based on what I've seen it's not as easy as just selling to a developer and walking away.

All it takes is one politician with his hands open up approve the re-zoning. Sleazy politicians always have a price.