ISSUED: 25 September 2017
MEDIA CONTACT: Valerie Owens
SHEPHERDSTOWN, WV — Shepherd University hosted a ribbon cutting for its newest residence hall, Potomac Place, on Saturday, September 23.
The $22 million building is a mix of single and double suite-style units with 298 beds. EdR of Memphis, Tennessee, oversaw the project. The architect was Design Collective of Baltimore. Harkins Buiders of Baltimore/Washington/Philadelphia constructed Potomac Place.
This marks the first time Shepherd University has partnered with the Shepherd University Foundation to construct a campus building. The West Virginia Economic Development Authority provided a construction loan to the Shepherd University Foundation Supporting Organization, which owns the Potomac Place. The university manages the building. Now that the building is complete, the construction loan will be replaced with 40-year financing from the U.S. Department of Agriculture Rural Development Office. Once that loan is paid off, ownership will transfer to the university.
Speakers for the ribbon cutting were Dr. Mary J.C. Hendrix, Shepherd president; Dr. Marcia Brand, Shepherd Board of Governors president; James Vigil, Shepherd vice president for administration; Chris Colbert, Shepherd University Foundation vice president; and Jeffrey Resetco, EdR vice president of real estate and development.
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