In preparation for our move to Princeton Theological Seminary, on Tuesday, August 20, 2019 OMSC finalized the sale of our New Haven property for $5 million to neighboring Albertus Magnus College (AMC), which was founded in 1924 by the Dominican Sisters of Peace. AMC actually owned this property for a brief time during the 1940's, and in 1986 OMSC purchased it from St Mary's Roman Catholic Church, who in cooperation with the selfsame Dominican Sisters of Peace, had operated a grammar school there for many years. In 1987, under the leadership of Dr. Gerald H. Anderson and the OMSC Trustees, we moved our operation from Ventnor, New Jersey to this new, refurbished campus at 490 Prospect Street.
Offering opening comments on behalf of the OMSC Trustees at yesterday's closing with AMC, OMSC Executive Director Tom Hastings said, "Especially for our alumni, staff, and many friends and supporters in New Haven and around the world, this sale is obviously a bitter sweet experience, since it means we will be leaving our beloved New Haven home after 32 years of ministry. At the same time, this sale has helped enable OMSC to enter into a new and exciting covenant relationship with Princeton Theological Seminary (PTS), ensuring our ability to continue our unique work on their historic campus well into our second century (2022–). So we consider today's transaction a divine appointment, supported by the hard work and good will of the trustees and staff of both institutions and, more importantly, by our shared Christian faith and values, Catholics and Protestants working in unity with the broader ecumenical world. As we return this campus to one of its original owners, we wish nothing but the very best for AMC and your future as you steward these marvelous resources in service to your mission."
Under a lease agreement with AMC, OMSC will be conducting its Residential Study Program during this Fall semester until December 31, 2019, while archiving, cleaning, and preparing for our move to PTS, where our ministry will be embedded beginning July 1, 2020.
For a related story, see https://www.nhregister.com/…/Albertus-Magnus-buys-three-bui…