Saint Mary-of-the-Woods College plans to expand its campus in the Saint Mary-of-the-Woods historic district. SWMC agreed to purchase 160 acres from the Sisters of Providence. The College plans to use the land for amenities, including possibly an equine event center, new athletic complex for baseball, tennis and track and field, locker rooms, press box facilities and parking.
The purchase also includes the transfer of Woodland Inn and Corbe House, where some Sisters of Providence live. An agreement will allow for the Sisters to still use the properties as long as they like.
“As sponsors of Saint Mary-of-the-Woods College, we see the sale of this property as a way to strengthen both the mission of the College and the Sisters of Providence,” said Sisters of Providence General Superior Dawn Tomaszewski. “The College literally has new room on which to grow, and we have additional revenue to strengthen our own efforts to keep the Sisters of Providence and Saint Mary-of-the-Woods vibrant.” “In fact, we believe this sale benefits all entities on the Saint Mary-of-the-Woods campus and will serve to unite our efforts to be a place where love dwells, where learning thrives and where hope and healing are offered to all who enter our gates.”
The purchase was made possible after SWMC received a $13,897,000 loan from the U.S. Department of Agriculture’s Community Facilities Direct Loan Program. The program allowed the school to restructure its debt over a 40-year period, and made way for the purchase to expand its current 67-acre campus.