‘Grand Lodge acquiring defunct college property’

     
UPDATED INFO HERE.

Courtesy Bloomberg News

With a winning bid of $32 million, the Grand Lodge of New York prevailed days ago in an auction of the 16-acre campus of the former College of New Rochelle, according to a news report published late last night.

No, me neither.

Courtesy Westchester Magazine

No title has been transferred yet. Tomorrow a hearing in bankruptcy court will convene to discuss approval of this plan. The College of New Rochelle went bankrupt in September in a criminal financial fraud leaving behind liabilities of approximately $80 million.

The buyer actually is the Masonic Hall & Asylum Fund, which is the corporation entrusted with the management of Grand Lodge’s real properties, from Masonic Hall in Manhattan to the Masonic Care Community in Utica, and also DeWint House and Camp Turk.

Courtesy Athletic Business

Campus Wellness Center.

The property is located in Westchester County, located northeast of Manhattan and near the Connecticut border, less than 20 miles from midtown via I-95.

Courtesy New York Times

Leland Castle, built in the 1850s and landmarked, is part of the campus. 

Read all about it here. These photos of the campus are culled from assorted news sources.