17 Years in the Works: University Acquires
Rosewood Property
The sale of the former Rosewood Center property in concern of the surrounding community and the District
Owings Mills to Stevenson University was approved 11 delegation for many years. Stevenson first expressed
by Maryland’s Board of Public Works during its June 7 interest in acquiring the property in 2000 and conducted
meeting in Annapolis. Stevenson, per the sales agreement, an environmental survey of the site in 2009-2010.
will use State grants totaling $16 million to complete “I would like to thank the Board of Public Works and the
the environmental abatement and remediation of the State of Maryland for their support and patience through
Rosewood site before the State transfers the final deed to this lengthy but incredibly important process,” says Tim
the property.
8
|
Campbell, Executive Vice President for Financial Affair
Maryland’s Department of Health and Mental Hygiene and Chief Financial Officer for Stevenson. “Throughout the
closed Rosewood in 2009 and declared the property years, the State has been an integral part of the success of
surplus in 2010 after it had served as a state mental health Stevenson University, supporting many of our expansion
facility since 1888. The vacant buildings and possible and construction projects, and now the acquisition and
environmental contaminants on the site had been the improvement of the Rosewood property.”
VENTURES/SUMMER 2017