University's $35M Purchase Fuels Expansion Plans

SOUTHAMPTON, NY-The State University of New York and Long Island University have completed a $35-million purchase-and-sale agreement for the state system to acquire LIU’s campus facility here. The school will known as Stony Brook Southampton. The university plans to begin holding classes at the 82-acre site this September. Long Island University will maintain a presence for at least three years; some program will be transferred to its Brooklyn campus.

Officials expect the deal to close on or before Aug. 31. The sale includes the purchase of 42 buildings consisting of art studios, resident halls as well as classroom and library buildings.