Amherst College Sells California Land for $58M
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
Amherst College has reaped about $58 million by selling a slice of California shoreline four decades after receiving the land as a gift. Investor Roger Holden, a member of the class of 1919 who left Amherst during World War I, named the Massachusetts college the beneficiary of a trust that controlled a beach in San Clemente, about 60 miles from Los Angeles and 5 miles from Richard Nixon’s so-called Western White House.
