"As you may be aware, the Donald B. and Dorothy Stabler Foundation has been a generous benefactor to the university, and we are pleased to announce that we have reached an agreement for Lehigh to take possession of 755 acres of property in Upper Saucon Township in a distribution of assets of property currently owned by the Stabler Land Company.You'll notice that at least some of this property is intended for "commercial development." Whether it knows it or not, LU just became a player in the NIZ dispute.
"The property comprises a number of parcels roughly bordered by routes 378, 309 and 78, and is located approximately three miles from our Asa Packer campus and one mile from our Goodman campus. The transfer is expected to become final later this month.
"This property has the potential to be an important part of Lehigh’s long-term future, and we are excited about the possibilities. We will take time to determine the best path forward, but would anticipate some combination of commercial development, open space and university use.
"We have a long-term time horizon for the use of this property, and are proud that Lehigh has demonstrated excellent stewardship of land. Our Goodman campus, for example, is used by thousands of area residents for athletics and recreation.
"We will provide you with more details once the transaction is completed."