
JMU has purchased another property in the Forest Hills neighborhood -- as shown above, in purple, with red "JMU" letters.
Click here for a larger, updated, version of this map.
As per
HarrisonburgPropertyTransfers.com....
August 3, 2017 - Richard L. Sheppard to The Visitors of James Madison University, lot at the intersection of Forest Hill Road and Hickory Hill Drive, $308,000.
As per
my previous article, per
The Breeze....
- Bill Wyatt, director of communications and university spokesperson, said the area was purchased to provide JMU faculty and staff with the opportunity to rent homes from the university, and that there are currently no long-term plans for the area.
- The funding for these purchases comes from JMU's auxiliary reserve account, which consists of funds held back on an annual basis for things like property acquisition and unexpected maintenance. The rent that faculty and staff pay back to the university makes it a breakeven proposition.
It seems JMU now owns the vast majority (19 out of 24) of properties in the Forest Hills neighborhood as I have defined it. A few more properties and they will have a large chunk of land that could be (perhaps in the far future?) used for a variety of purposes, one might imagine....
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