Saint Mary-of-the-Woods College (SMWC) is expanding its 67-acre campus footprint in the Saint Mary-of-the-Woods Historic district.
The college has signed a purchase agreement with the Sisters of Providence of Saint Mary-of-the-Woods allowing the college to take ownership of some land it currently leases from the Sisters of Providence plus additional land and properties.
The purchase of about 160 acres includes properties along the Avenue, the athletic fields, the stables and pasture, Building Indiana says .
The college intends to use the land for amenities to enhance the student experience. Portions could be used to add an equine event center, a new athletic complex with baseball, tennis and track and field, updated locker room and press box facilities as well as parking.
SMWC was one of three Indiana projects which received funds from the U.S. Department of Agriculture’s Community Facilities Direct Loan Program, earlier this year. With those funds, SMWC is able to restructure its current debt over a 40-year period. The restructure allowed the college an additional opportunity to purchase available land from the Sisters of Providence. The program granted SMWC a $13,897,000 loan.