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Towson Wants to Sell Controversial Presidential Home

Towson Wants to Sell Controversial Presidential Home
December 5, 2013

Towson University is trying to sell a presidential home that has caused lots of problems, The Baltimore Sun reported. A controversy shortly after the home was purchased a decade ago led to the departure of a president. Critics questioned why the university needed to spend $2 million on the home, and particularly focused on expenses such as the installation of an elevator. The university is likely to lose money on a sale, but could save money in the end because the home is estimated to need $700,000 in maintenance and repairs over the next five years. The current president, Maravene Loeschke, wants to live close to campus, and is proposing to buy a private home, in part with a $35,000 housing allowance.

 

 

 

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