Story perspectives

Bard College Receives $82M Property Donation, Residents Anxious

3/31/2026

Summary

Story summary

The Galvan Initiatives Foundation donated more than 80 properties, valued at about $82 million, to Bard College in Hudson, New York, making Bard a major real estate owner there.
Tenants fear displacement or conversion of homes to student housing.
Kamal Johnson, the Mayor of Hudson, said officials were gathering information to address fears.
Bard has offered reassurance with limited details, leaving residents anxious amid rising housing costs and gentrification debates.

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Story summary

The Galvan Initiatives Foundation donated more than 80 properties, valued at about $82 million, to Bard College in Hudson, New York, making Bard a major real estate owner there.
Tenants fear displacement or conversion of homes to student housing.
Kamal Johnson, the Mayor of Hudson, said officials were gathering information to address fears.
Bard has offered reassurance with limited details, leaving residents anxious amid rising housing costs and gentrification debates.