Dear Middlebury Institute Community,
I am writing today to share news about our progress toward solving one part of the longstanding challenge of affordable student housing here in Monterey.
Middlebury has filed an application with the City of Monterey to assign a purchase contract of a building close to campus to a third-party property company. That company would develop the site, manage the construction, and then lease the property to Middlebury. This building could house up to 80 residents, starting in fall 2021 at the earliest.
This is the culmination of years of working closely with colleagues in Vermont on this issue. The nature of the agreement with the development company allows us to address the housing issue in a way that is consistent with our current financial and administrative circumstances.
We are still waiting on the City’s approval and there are many details to be ironed out. While this doesn’t solves all our student housing issues, it is a positive step toward allowing us to welcome more undergraduate students for a semester away in Monterey, and to help increase flexibility in all our degree and non-degree programs. As this plan nears approval and more parties are involved, I wanted to share this news with you before you hear it somewhere else.The City included a mention of our application in a Covid-19 press briefing and we are expecting interest from local media.
We anticipate our application to the City of Monterey to be processed in a few weeks and I will share more information as we get further along in this process.
Jeffrey Dayton-Johnson, Vice President for Academic Affairs & Dean of the Institute