Tuesday, August 8, 2017

Vermont culinary school head working to save the institution

Milan Milasinovic
From Seven Days
When a real estate listing appeared for the building that occupies 118 Main and 7 School Streets in Montpelier, Vermont's culinary community took note. 

The listing described a "landmark" investment where cash was flowing. With an asking price of $950,000, the property represented a "rare opportunity" to own a key piece of Vermont's capital city. It's an equally key piece of Vermont's reputation as a foodie haven. The building is fully leased by the New England Culinary Institute (NECI), the once-thriving for-profit school that has made headlines in recent years ... because of its struggles. 

Late last month, a new owner closed on the 16,000-square-foot building for an undisclosed sum. ... Milan Milasinovic, who took over as president of NECI in spring 2016, said he'd received a letter from the new owner's attorney "saying that there's been a change in ownership. The letter gave instructions on where to send the rent, but other than that," he said, "I don't know what's going to happen." He hoped the new landlord would "keep us in [the building," he added, "but I don't know."

... "I guess I arrived here a minute before midnight," Milasinovic said ... "because they were just about to close [the school] last spring." 
Go here for the full story.

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