Mayor Kathy Sheehan speaks about Saint Rose closure, next steps

Albany Mayor Kathy Sheehan speaks about closure of Saint Rose

Albany's mayor Kathy Sheehan speaks about plans regarding the closure of The College of Saint Rose.

NewsChannel13 heard from Albany Mayor Kathy Sheehan regarding the closure of the College of Saint Rose.

The college announced on Friday it will close its doors after the Spring 2024 semester.
Saint Rose has seen a significant decline in enrollment in recent years, which means the school’s revenue has also declined.

There are nearly 2,600 enrolled students working to figure out what’s next for them, as they find other schools and transfer their credits.

Mayor Sheehan says the city is working to help those impacted.

“The school has announced that it is closing. It owns the (private) property, owned by a private institution. It is subject to $48 million in bonded debt. There are legal rights that these bondholders have, and so I think it’s really important that we have these conversations and that we talk about that in the future,” Sheehan said.

Sheehan and Albany County Executive Dan McCoy said in a joint statement that they would work with Saint Rose staff to connect them with other local job opportunities.