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Cottey announces acquisition of new property
Cottey College has announced the purchase of an additional 2.93 acres of property, according to a recent press release from the school — contiguous to campus.
Per the press release, the property is located immediately west of the campus — between Tower Street and Woods Supermarket on the west end of town.
The press release noted that the owner of the property approached Cottey officials about a potential deal to purchase the land.
"Cottey College Board of Trustees saw this as a long-term fit for the development of campus, and authorized the purchase," the press release stated. "The property contains an office building, a triplex, four apartments, and a small home, and is contiguous to the Kelso property the College purchased in 2014."
The funds utilized by Cottey for the purchase came via an endowed operations reserve fund.
Monies from that fund are used for campus enhancements, and are not part of the general operating budget, according to the school.
"At this time, the College is still discussing the best use for the facilities on the property," read the press release. "Optional housing for third- and fourth-year students is under consideration."
Cottey touted the benefits of apartment-living in close proximity of the campus, saying it would offer juniors and seniors a "transition from suite-life to independent living."
Additionally, the apartments are equipped with full kitchens, which would "allow students to prepare food, and the proximity to Robertson Hall also offers students the opportunity to purchase a meal-plan and eat in the dining room if they choose to do so."
“The purchase of the property allows Cottey to increase its footprint and add acreage to help facilitate the campus master plan,” said Cottey president, Dr. Jann Weitzel. “Dedicated housing for our third- and fourth-year baccalaureate students will help them prepare for independent adult living after graduation.”