GW sells Ashburn VA campus

[Anonymous]

Wtop

"Some of the programs housed on the Ashburn campus include nursing, engineering, physics and chemistry. There are also research labs and administrative buildings.

A portion of the sales’ proceeds will be used to make an endowment.

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There’s also a proposal to use some of the funds toward a one-time bonuses to eligible staff."

Which staff are getting this one time bonus? How healthy is GW's $?

[Anonymous]

Wow. They must be hurting for $$.

[Anonymous]

GW has a ton of money - second largest land owner in DC. The Ashburn program was under-enrolled and, more importantly, the value of that land has exploded in the last few years. This is a shrewd play.

[Anonymous]

I believe they have 5 years to relocate so it’s more of a property sale, not ending the academic programs

[Anonymous]

Specifically, $2.9B in endowment + $2.1B in real estate + other investments = $5.2B in assets.

[Anonymous]

Anonymous wrote:I believe they have 5 years to relocate so it’s more of a property sale, not ending the academic programs

Will they bring those in-demand stem programs (nursing, chem, etc.) to DC or another GW location?

[Anonymous]

And BTW..they sold the Ashburn campus to Amazon Data Services for nearly $500M.

[Anonymous]

Sold to Amazon for a Data Center. SHAMEFUL!

[Anonymous]

Anonymous wrote:Sold to Amazon for a Data Center. SHAMEFUL!

Is that why that article said details not released something or another re: buyer confidentiality?

[Anonymous]

Didn't Amazon partner with a university (Virginia Tech) when opening the Amazon campus in Arlington? Is Amazon going to partner with GW too?

[Anonymous]

I don’t think so - they bought it to build….guess….wait for it….a data center.

[Anonymous]

Anonymous wrote:I don’t think so - they bought it to build….guess….wait for it….a data center.

Ashburn and data csnters?.No!

[Anonymous]

Anonymous wrote:GW has a ton of money - second largest land owner in DC. The Ashburn program was under-enrolled and, more importantly, the value of that land has exploded in the last few years. This is a shrewd play.

+

[Anonymous]

Anonymous wrote:Wtop

"Some of the programs housed on the Ashburn campus include nursing, engineering, physics and chemistry. There are also research labs and administrative buildings.

A portion of the sales’ proceeds will be used to make an endowment.

-----
There’s also a proposal to use some of the funds toward a one-time bonuses to eligible staff."

Which staff are getting this one time bonus? How healthy is GW's $?

Regular benefits-eligible FT and PT staff.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I believe they have 5 years to relocate so it’s more of a property sale, not ending the academic programs

Will they bring those in-demand stem programs (nursing, chem, etc.) to DC or another GW location?

Yes, that's the plan.