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B&D in the News

The challenges and opportunities of turning vacant campuses into housing

In a recent MassLive article, B&D Higher Education Co-President Brad Noyes provided insight on the multifaceted challenges of repurposing vacant college campuses into housing developments. Noyes emphasized that while these properties offer unique opportunities due to their existing infrastructure and community significance, they also present significant hurdles.

One primary concern he highlighted is the outdated nature of many campus facilities. Buildings constructed decades ago often require substantial renovations to meet current residential standards, including modern plumbing, electrical systems, and energy efficiency measures. These necessary upgrades can lead to increased project costs, making potential developers cautious.

Zoning restrictions further complicate redevelopment efforts. Many college campuses are situated in areas designated for educational use, necessitating rezoning for residential purposes. This process can be time-consuming and may face opposition from local stakeholders concerned about changes to community character or increased density.

Community resistance is another significant factor. Residents often have strong emotional ties to longstanding educational institutions, and proposals to convert these spaces into housing can lead to concerns about traffic, property values, and the loss of community identity. Noyes pointed out that successful redevelopment projects typically involve proactive engagement with community members to address concerns and incorporate feedback into planning.

Financial viability remains a critical consideration. The costs associated with purchasing, renovating, and maintaining large campus properties can be prohibitive. Developers must carefully assess market demand, potential return on investment, and available financing options. Noyes suggested that public-private partnerships might offer a viable solution, combining resources and expertise to share risks and benefits.

Despite these challenges, Noyes remains optimistic about the potential for transforming vacant campuses into valuable community assets. He advocates for a strategic approach that includes thorough feasibility studies, stakeholder collaboration, and flexible planning to adapt to evolving circumstances.

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