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Rabbit Island

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NEWS
By Joseph Serna | October 20, 2007
Rabbit Island is for sale again. Orange Coast College’s 36-acre island in British Columbia was in escrow with a Canadian businessman, but he is struggling to come up with the money, OCC Foundation Executive Director Doug Bennett said Friday. “We’re actively trying to sell the property,” he said. One prospective buyer visited the island last week, Bennett said. The island is priced at $2.495 million and is listed on LandQuest Realty Corporation’s website, LandQuest.
NEWS
By Michael Miller | July 20, 2007
Orange Coast College appears on the verge of selling Rabbit Island, the British Columbian property it put on the market earlier this year, as a Canadian businessman has made a $50,000 deposit on the land. At the OCC Foundation's regular meeting on campus Thursday evening, member Dave Grant said the prospective buyer had offered the school $2.4 million for Rabbit Island. The businessman had asked his name not be released. Grant and other members said he intends to use it as a family retreat.
NEWS
By Michael Miller | January 20, 2007
The Orange Coast College Foundation will begin the process of putting Rabbit Island up for sale, but will give students and faculty a chance to seek alternate methods of funding for the British Columbian property. At the foundation's board meeting Thursday, several members described the island as a drain on OCC's financial resources and said they were keen on regaining the money they had invested in it. A core group of students and faculty, however, have asked the foundation to hold on to Rabbit Island, calling it a valuable academic resource.
NEWS
June 6, 2007
The Orange Coast College Foundation expects to find a buyer for Rabbit Island, its British Columbian property, in the next few days, the foundation's Executive Director Doug Bennett said. Last week, Bennett and foundation board member Rush Hill traveled to the Vancouver area to meet with real estate brokers who have expressed interest in purchasing the island. Bennett said the foundation narrowed the field down to five candidates and planned to select a winner this week. Bennett said he foresaw an asking price of around $2 million for the property.
NEWS
By Joseph Serna | September 27, 2007
Escrow is set to close Oct. 12 for the sale of Orange Coast College’s Rabbit Island. The island’s sale for $2.41 million in Canadian currency (just under $2.4 million in American currency) was originally slated for Sept. 7, but the Canadian businessman purchasing Rabbit Island requested more time because he was “having trouble arranging all the financing,” said Doug Bennett, executive director of the OCC Foundation. The businessman plans to use the island as a family retreat.
NEWS
By Michael Miller | March 8, 2007
Orange Coast College has announced plans to hold eight classes this summer on Rabbit Island, even as the school's foundation continues to entertain selling the British Columbian property. Media relations director Jim Carnett said Tuesday that the island would host a number of science classes as well as others in geography, photography and kayaking. The courses may turn out to be the last ones OCC holds on the island, after a study team recommended last month that the school sell the property due to its high maintenance costs.
NEWS
By Michael Miller | November 15, 2006
Orange Coast College’s faculty senate voted unanimously Tuesday to ask the school’s foundation to delay a decision regarding the sale of Rabbit Island, a property in British Columbia that some on campus are calling a drain on resources. On Thursday, the OCC Foundation plans to consider putting the island up for sale to raise money for its School of Sailing and Seamanship. Earlier this week, the student board of trustees voted to ask that the foundation wait 60 days before ruling on Rabbit Island, so that others in the community could seek alternative ways of paying for its maintenance.
NEWS
By Joseph Serna | October 13, 2007
The Orange Coast College Foundation and a Canadian businessman failed to close escrow as planned this week on Orange Coast College’s Rabbit Island. “He is still trying to arrange his finances,” said Doug Bennett, executive director of the college’s foundation. “It’s a matter of him getting the money, and we’re working with him.” The price for the island, about 50 miles north of Vancouver at the top of the Strait of Georgia, is about $2.4 million.
NEWS
By Michael Miller | February 24, 2007
COSTA MESA — A study group recommended Friday that Orange Coast College give up its programs on Rabbit Island, but urged the school to seek alternatives to holding classes on the remote Canadian property. At a public meeting in the Student Center Lounge, consultants Susan Allen Lohr and Paul Siri told the audience that paying the island's expenses would be nearly impossible. Lohr and Siri, who spent the last two days conducting interviews at OCC with a group of experts, said the island would cost about $150,000 a year if fully staffed.
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NEWS
December 26, 2007
Two prospective buyers will visit OCC’s Rabbit Island early next year, OCC Foundation Executive Director Doug Bennett said Wednesday. “It is a little bit of a surprise. I didn’t think much would happen until February or March,” Bennett said. Rabbit Island, a 36-acre island in British Columbia donated to OCC by yachting enthusiast Henry Wheeler in 2003, has been on the market for nearly a year. The college nearly closed escrow on the island in October, but the buyer could not acquire the funding.
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NEWS
By Joseph Serna | October 20, 2007
Rabbit Island is for sale again. Orange Coast College’s 36-acre island in British Columbia was in escrow with a Canadian businessman, but he is struggling to come up with the money, OCC Foundation Executive Director Doug Bennett said Friday. “We’re actively trying to sell the property,” he said. One prospective buyer visited the island last week, Bennett said. The island is priced at $2.495 million and is listed on LandQuest Realty Corporation’s website, LandQuest.
NEWS
By Joseph Serna | October 19, 2007
Rabbit Island is for sale again. Orange Coast College’s 36-acre island in British Columbia was in escrow with a Canadian businessman, but he is struggling to come up with the money, OCC Foundation Executive Director Doug Bennett said Friday. “We’re actively trying to sell the property,” he said. One prospective buyer visited the island last week, Bennett said. The island is priced at $2.495 million and is listed on LandQuest Realty Corporation’s website, LandQuest.
NEWS
By Joseph Serna | October 13, 2007
The Orange Coast College Foundation and a Canadian businessman failed to close escrow as planned this week on Orange Coast College’s Rabbit Island. “He is still trying to arrange his finances,” said Doug Bennett, executive director of the college’s foundation. “It’s a matter of him getting the money, and we’re working with him.” The price for the island, about 50 miles north of Vancouver at the top of the Strait of Georgia, is about $2.4 million.
NEWS
By Joseph Serna | September 27, 2007
Escrow is set to close Oct. 12 for the sale of Orange Coast College’s Rabbit Island. The island’s sale for $2.41 million in Canadian currency (just under $2.4 million in American currency) was originally slated for Sept. 7, but the Canadian businessman purchasing Rabbit Island requested more time because he was “having trouble arranging all the financing,” said Doug Bennett, executive director of the OCC Foundation. The businessman plans to use the island as a family retreat.
NEWS
By Michael Miller | July 20, 2007
Orange Coast College appears on the verge of selling Rabbit Island, the British Columbian property it put on the market earlier this year, as a Canadian businessman has made a $50,000 deposit on the land. At the OCC Foundation's regular meeting on campus Thursday evening, member Dave Grant said the prospective buyer had offered the school $2.4 million for Rabbit Island. The businessman had asked his name not be released. Grant and other members said he intends to use it as a family retreat.
NEWS
June 6, 2007
The Orange Coast College Foundation expects to find a buyer for Rabbit Island, its British Columbian property, in the next few days, the foundation's Executive Director Doug Bennett said. Last week, Bennett and foundation board member Rush Hill traveled to the Vancouver area to meet with real estate brokers who have expressed interest in purchasing the island. Bennett said the foundation narrowed the field down to five candidates and planned to select a winner this week. Bennett said he foresaw an asking price of around $2 million for the property.
NEWS
By Michael Miller | May 5, 2007
The Orange Coast College Foundation has received three proposals to purchase Rabbit Island, the British Columbian property that it voted to put up for sale earlier this year. The foundation, which has overseen academic programs on Rabbit Island since receiving it as a gift in 2002, posted an online request for proposals at the start of May. Executive director Doug Bennett said that as of Friday afternoon, three Canadian real estate agents had submitted proposals to buy the island.
NEWS
By Michael Miller | March 17, 2007
The donor who gave Rabbit Island to Orange Coast College praised the school Friday for having taken good care of his former property, a day after the school's foundation voted to put the land up for sale. Henry Wheeler, a yachtsman and owner of the Park Water Co. in Downey, gave the island to OCC in 2002 as a field station for students and faculty. At Thursday's meeting, the Orange Coast College Foundation voted, 15-1, to sell the British Columbian property, citing the high annual cost of maintaining it. Wheeler said he had no opinion of the plan to sell the island, calling it the school's decision.
NEWS
By Michael Miller | March 16, 2007
COSTA MESA — The Orange Coast College Foundation voted Thursday evening to sell its 36-acre island in Canada, reasoning that the property's academic benefits did not offset the high cost of maintaining it. At the foundation's regular meeting on campus, the board members voted, 15-1, with one abstention, to sell Rabbit Island in British Columbia. Foundation chairman David Cline, who estimated that the transaction could net the school more than $1 million, said the island would likely go on the market in May. "We hope that the process that goes about creating a sale will go on to create something of great value" for the school, he said.
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