From The Boston Globe: The question lingered for five years: Who would buy a prep school campus in Western Massachusetts, beloved by generations of Northfield Mount Hermon School alumni but in need of costly upkeep, with an asking price of $20 million? The buyer was the billionaire owner of the Hobby Lobby craft store chain, who paid just $100,000 for the property and plans to hand it off to a California foundation that intends to start a Christian college. The deal was a relief to leaders of Northfield Mount Hermon, who had sought to unload the property since consolidating the prep school on their other campus, 5 miles away in Gill. But some alumni have reacted with shock and disappointment, saying they are dismayed by the bargain-basement price accepted for a treasured gem.
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