STOCKTON UNIVERSITY

Stockton students pay the price for dubious property acquisitions

By Seth Grossman, Political Columnist Last month, local businessman Michael Azeez gave $5 million to the Richard Stockton College of New Jersey. In return, Stockton agreed to take over the old synagogue built in 1895 that Azeez had fixed up and turned into a museum. The Form 990 tax returns show it costs roughly $400,000

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Who will pay for Stockton?s borrowing and spending spree?

Who will pay for Stockton?s borrowing and spending spree? By Seth Grossman, Political Columnist (Reprinted from July 21, 2010 Current-Gazette Newspapers of Atlantic and Cape May Counties, http://www.shorenewstoday.com/index….ing-spree.html) ?Total liabilities increased by $101,042,726 in fiscal 2009 primarily due to an increase in debt from the newly acquired tax-exempt debt series 2008A. Total liabilities increased by

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