Takeaways by Bloomberg AI
- Tom Koch, the mayor of Quincy, Massachusetts, is trying to buy the campus that Eastern Nazarene College abandoned when it shuttered last year.
- Quincy would have to borrow $22.5 million from the municipal bond market to buy the campus, which is a concern due to the city’s already strained budget and $1.5 billion of debt.
- The City Council must approve the purchase by June 15 or the deal will fall through, and councilors are questioning whether the city should be taking on more debt following a downgrade from Moody’s Ratings.
Bloomberg Politics
By Elizabeth Rembert and Greg Ryan
June 3, 2026