The question is legitimate and natural. Why would The Richard Stockton College of New Jersey purchase Seaview Resort? The answer drives every College decision of this magnitude: to benefit students and to advance our educational mission. In the case of Seaview, this acquisition has numerous benefits well beyond Stockton's boundaries including many positive effects for the region.
There are obvious benefits to preserving Seaview as a world-class hotel and resort. Since the founding of Seaview in 1914 our community has enjoyed the direct economic impact resulting from employment and purchasing at the resort as well as the supporting businesses and jobs indirectly related to Seaview. These will continue under Stockton's leadership. As soon as the purchase is complete, we will have discussions with the relevant agencies regarding contributions in lieu of taxes in order to assist our community schools and local governments. Stockton will continue to be a responsible citizen within our township, county, region and state.