The closure of Green Mountain College in Poultney, Vermont, was a significant blow to the town and its residents. The college was a vital part of the community, supporting jobs and economic activity. However, the Bhaktas, a wealthy entrepreneur family, purchased the campus with plans to transform it into a high-end destination focusing on education, hospitality, and tourism.
The closure of small colleges, like Green Mountain, is a growing trend due to declining enrollment and financial pressures. The impact of these closures on small towns, reliant on colleges for economic stability, is significant. Poultney faced uncertainty after the closure but has since seen a revitalization effort led by the community, nonprofits, and local businesses.
The Bhaktas’ plans for the Green Mountain campus have faced delays and skepticism from some residents. While some see the investment as a positive opportunity for economic growth, others are cautious about the long-term intentions and potential impacts on the town’s identity. Despite challenges and uncertainties, Poultney is striving to adapt and thrive in the post-college closure era by focusing on outdoor recreation, community development, and cultural activities.
The story of Green Mountain College and its transformation under the Bhaktas’ ownership is a reflection of the broader changes in higher education and the resilience of small towns faced with economic challenges. Poultney’s journey from loss to renewal highlights the importance of community collaboration and innovation in navigating uncertain times.
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